Investment Properties for sale in Stretford

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Fully Tenanted Investment Property - Manchester

Stretford, Greater Manchester, England

  • Freehold Price: £995,000
Seller Reference: 7490
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Business Description
 
 
 
 
 
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Seller Reference: 7490
Request Details
Business Description
Prominent Main Road Position
Fully Tenanted
Combined Rental Income Of £35,000 PA
Close To M60 & Trafford Centre
Large Multiples Nearby
Well Linked Area
Well Maintained
Free Parking To Rear
Reliable Tenants In Place
Superb Investment Property
EPC - C
REF 7490 – Freehold Fully Tenanted Investment Property

Blacks Brokers are pleased to bring to the market this freehold fully tenanted investment property located in Stretford, Greater Manchester.

INTRODUCTION

12 - 14 The Circle is a spacious property on a busy main road. The property has a large convenience store within the ground floor and five residential flats within the first and second floor. Our client has secured tenants for all with a twenty year lease in place for the business. The property has been well maintained and is presented extremely well.

LOCATION

12 - 14 The Circle occupies a main road trading position within a parade of shops and offices. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as a BP Garage. There are also a number of other local amenities nearby including schools and a park. The area is well linked by the M60 with very strong public transport links and free parking is available to the rear of the property.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

BUILDING LAYOUT AND DESIGN

The property has a Go Local convenience store within the ground floor - this is tenanted with twenty years remaining. There are also five rental flats above the shop: four on the first floor with one bedroom, lounge and kitchen and a shared toilet, shower and bathroom. There is also a utility area. On the second floor is a large two bedroom flat with double bedroom, single bedroom, large lounge and kitchen, and bathroom. Rental income from the shop is 13,000 per annum and the rental income from the five flats is £22,000 per annum, giving a total rental income of £35,000.

SUMMARY

This large property occupies an enviable position in a bustling area of Stretford with excellent links to the surrounding areas and Trafford Centre. Our client has secured good tenants in all six areas of the property and a new owner could continue to manage the property remotely with no additional investment required. Early viewings are strongly advised.
Tenure:
Freehold
Location Details:
Stretford
Listed by:
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