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Fairfax Road, Manchester, M25

Apartment - For sale
Retail Shop available in prominent location just off Bury New Road. Next door to M&S Food Hall and opposite Farm foods.
£560,000
£560,000 PCM (£129,231 PW)

Highlights

Address:

Fairfax Road, Manchester, M25

Price:
£560,000
£560,000 PCM (£129,231 PW)
Property type:

Apartment - For sale

Date available:

05 Jul 2029


Property description


The subject investment benefits from an extremely prominent and extensive frontage to Fairfax Road in Prestwich, Manchester and within very close proximity to the M60 Circular Motorway. The building is facing Prestwich Village Centre within 100 yards. The Premise neighbors one of the big M&S food outlets wall to wall. Fairfax Road is also located off “Bury New Road” that leads directly in a straight path to the centre of Manchester.

DESCRIPTION
The investment comprises a two-storey and loft conversion. There are four self-contained one-bedroom apartments which are semi-furnished. All flats are let as AST (Assured Shorthold Tenancy) and managed by a nearby and local letting agent. The building is kept well maintained within government regulations,to the rear, is a car park with 4 individually allocated parking space.

FIXTURES & FITTINGS
The apartments are all semi-furnished and the kitchens are all supplied with white goods , hob and oven and water heaters with shower heaters in each bathroom.

The Shop Premise
The shop is let with a new 5 year ,full maintenance and service lease contract with a two year break close in the interest of Landlord. yielding a consistent rent. The shop faces Prestwich Village Centre directly,Approx 40 square metres/430 square metres


TENANCY DETAILS;


Shop Premise: £1,100 p.m.


Flat 1: £575  

Flat 2: £600  

Flat 3: £595  

Flat 4: £575  

 

Total current annual rental income: £41,430

 

Key features

  • Prominent Freehold mixed use investment comprising 1 ground floor retail unit with own entrance, 1 ground floor flat with own entrance & 3 first floor individual separate flats. Fully Tenanted.
  • There is a big usable storage basement under the building.
  • All 4 x 1 bed flats have their separate electric meters but no Gas supply to the flats.
  • The shop has its own electric and gas supply and own meters.
  • Water supply is communal.
  • Rear off road car park for up to 4 domestic vehicles.
  • All flats internals and the building roofing were maintained or renovated this year.
  • Rent passing of £41,430 with potential to significantly increase immediately up to £42,000.
  • Fitted Fire Alarm System
  • Fitted intercom system.
  • Freehold.
  • Over 7.3% Gross Yield
      Mains electricity, Gas, water and drainage are supplied and connected.

TENURE
Freehold.


.

EPC

No EPC chart found

Virtual Tour

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Floorplan

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Schools nearby

Primary

0.19 miles
St Mary's Church of England Aided Primary School, Prestwich

Primary

0.28 miles
Our Lady of Grace RC Primary School

Secondary

0.36 miles
Prestwich Arts College

Primary

0.48 miles
Heaton Park Primary School

Primary

0.68 miles
Park View Primary School

Secondary

0.76 miles
Manchester Mesivta School

Secondary

0.78 miles
Parrenthorn High School

Primary

0.82 miles
St Hilda's Church of England Primary School

Primary

0.83 miles
Whitefield Community Primary School

Primary

0.86 miles
Higher Lane Primary School

Primary

0.88 miles
Butterstile Primary School

Secondary

0.96 miles
St Monica's RC High School and Sixth Form Centre

Secondary

0.99 miles
Philips High School

Primary

1.02 miles
Yesoiday Hatorah School

Primary

1.16 miles
St Michael's Roman Catholic Primary School, Whitefield

Primary

1.18 miles
Ribble Drive Community Primary School

Primary

1.18 miles
St Margaret's Church of England Primary School

Primary

1.31 miles
Sedgley Park Community Primary School

Primary

1.38 miles
St Philip's RC Primary School

Primary

1.52 miles
St Paul's CofE Primary School

Primary

1.52 miles
All Saints Church of England Primary School, Stand

Primary

1.62 miles
Unsworth Primary School

Primary

1.65 miles
Mersey Drive Community Primary School
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Transport nearby

Bus

Prestwich, nr Church Fairfax Rd (Ebd, Hail and ride)

Distance: 0.02 miles

Bus

Prestwich, Fairfax Road (Wbd) (W-bound, Hail and ride)

Distance: 0.05 miles

Bus

Prestwich, Bury New Road/Longfield Centre (Stop A)

Distance: 0.06 miles

Bus

Prestwich, Rectory Lane/Longfield Centre (Stop C)

Distance: 0.08 miles

Bus

Prestwich, Bury New Road/Clifton Road (Stop D)

Distance: 0.09 miles

Bus

Prestwich, Poppythorn Lane (N-bound, Hail and ride)

Distance: 0.10 miles

Bus

Prestwich, Bury New Road/Longfield Centre (Stop B)

Distance: 0.11 miles

Tube

Prestwich (Manchester Metrolink)

Distance: 0.13 miles

Bus

Prestwich Hospital, o/s Superstore Bury New Road/Tesco

Distance: 0.15 miles

Bus

Prestwich, nr Nursery Rd Poppythorn Lane (S bnd, Hail and ride)

Distance: 0.15 miles

Bus

Prestwich, nr Sunningdale Dr Heys Road (E bnd, Hail and ride)

Distance: 0.16 miles

Tube

Besses O Th Barn, Besses o'th'barn (Manchester Metrolink)

Distance: 0.56 miles

Tube

Heaton Park (Manchester Metrolink)

Distance: 0.80 miles

Tube

Whitefield (Manchester Metrolink)

Distance: 1.26 miles

Train

Clifton (Manchester) Rail Station

Distance: 1.46 miles

Tube

Bowker Vale (Manchester Metrolink)

Distance: 1.62 miles

Tube

Higher Crumpsall, Crumpsall (Manchester Metrolink)

Distance: 2.14 miles

Tube

Radcliffe (Manchester Metrolink)

Distance: 2.46 miles

Train

Swinton (Manchester) Rail Station

Distance: 2.53 miles

Tube

Cheetham Hill, Abraham Moss (Manchester Metrolink)

Distance: 2.59 miles

Tube

Cheetham Hill, Woodlands Road (Manchester Metrolink)

Distance: 2.76 miles

Brochure

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Information

Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer... of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.

Property details


Key features

Shops and amenities nearby, Double glazing, Close to public transport, Parking

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Fairfax Road, Manchester, M25