34-36 Ainsworth Road, Radcliffe, Manchester

1,813 Sq Ft
£185,000
  • Ref: 49901
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Property Features

  • Mixed Use Investment Opportunity
  • 9.08% Yield
  • Fully Tenanted
  • Large 2 Bedroom Apartment
  • Double Fronted Commercial Premises
  • Walk Through Video Tour Available To View

Property Summary

ATTENTION ALL INVESTORS!! Fully Tenanted Mixed Use Premises. 9.08 % Yield. Commercial To The Ground Floor With Large 2 Bedroom Apartment.

Full Details

Pearson Ferrier commercial are delighted to introduce to the market this FULLY TENANTED, 11813 Sq Ft, 2 story, prominent main road positioned, mixed use, commercial premises with potential to increase on the current rental income.
To the first floor you have a large 2 bedroom apartment with its own private entrance, lounge, kitchen and separate dinning room/ second reception room measuring approximately 799 Sq Ft.
The current rental income from this floor is £5,200pa. This in our opinion, in the current market conditions is under valued and could generate in the region of £7,200pa.

The ground floor layout of the premises is configured to the current tenants requirements, but could easily in the future be arranged to suit a variety of different business. This would include but not limited to a Office Space, Retail, Financial Service or a café, without the need for change of commercial use. (New planning reforms from 1st September 2020).
The layout current consists of a double fronted commercial premises with 6m glass frontage facing directly on to Ainsworth Road measuring approximately 1014 Sq Ft (GIA). With two large open plan floor areas , 2 kitchen rooms, w.c facilities with a useful yard to the rear.
The current rental income from this floor is £9,600pa.

Current yield 8%. When fully let the to current market valuations the property could generate a potential yield of 9.08% against the current asking price.

WALK THROUGH VIDEO TOUR AVAILBLE TO VIEW.

Viewings are by appointment only.

Location
Ainsworth Road is located just outside the centre of Radcliffe and offers easy access to the local metro link and motoway network of Great Manchester and beyond.

VAT
We understand the property is not liable for Vat.