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Fairfax Road, Manchester, M25
Apartment - Under offerRetail 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)
Address:
Fairfax Road, Manchester, M25
Price:
£560,000
£560,000 PCM (£129,231
PW)
Property type:
Apartment - Under offer
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
TENURE
Freehold.
.
EPC
No EPC chart found
Photos
Floorplan
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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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