86/86a Bury Old Road, Whitefield

1,325 Sq Ft
£225,000
  • Ref: 50157
  • Type: Investment
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Property Features

  • 1325 Sqft
  • Potential 8.22% yield
  • CCTV
  • Central Heating
  • Potential To Convert To Residential (STPP)
  • Prominent Main Road Location.

Property Summary

ATTENTION ALL INVESTORS/ OWNER OCCUPIERS!!! Your Chance To Own This a 1325 Sq ft, 2 Storey, Prominently Located Whitefield Premises.

Full Details

Pearson Ferrier commercial are delighted to introduce to the market this 1325 Sq Ft, 2 story, prominent main road positioned commercial premises with potential to increase on the current rental income.

The first floor measures approximately 495 Sq Ft. This is occupied by the current owner and will be vacated upon legal completion. This floor in our opinion, in the current market conditions, has a rental valuation of approximately £7,000/£7500pa.
The ground floor and basement measure approximately 830 Sq Ft and are occupied by the current long standing tenant. The current rental income from this floor is £8640pa. This in our opinion, in the current market conditions is under valued and could generate in the region of £10,000/£11,000pa.
When fully let the property could generate a potential yield of 8.22% against the current asking price.

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).
WALK THROUGH VIDEO TOUR AVAILBLE TO VIEW.
The ground floor has a 3.60m glass shop front that faces directly onto Bury Old Road and currently consists of a retail counter/reception room, office, 2 separate workshop rooms (including basement room) with kitchen/staff restroom to the rear of the premises. WC facilitates completes the ground floor.
The first floor which has its own separate ground floor entrance, currently consists of 2 fully refurbished offices, kitchen, w.c facilities and access by way of ladder to a very usefully converted loft space completes this floor. The first floor subject to planning approval could be converted to a residential apartment.
Viewing are by appointment only.

Location
The property is located on Bury Old Road in Whitefield, Greater Manchester. Bury Old Road ( A665) is one of the busiest arterial routes
running running north out of Manchester City centre, which is only 5 miles away. Junction 17 of the M60 is less than a mile away.

VAT
We understand the properties is not liable for vat.

Planning
Class E