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371 Bury New Rd

2,418 SF 100% Leased Retail Building Manchester M25 1AW $517,466 ($214/SF)

Mixed Use Properties Greater Manchester Manchester 371 Bury New Rd, Manchester M25 1AW

Investment Highlights

  • Income producing
  • Close to transport links
  • 6 private car parking spaces to rear
  • Good frontage

Executive Summary

Freehold investment opportunity with potential for 3 income streams. The front ground floor unit is let to a private individual on a lease expiring 24th June 2024 at £17,500 per annum. The first floor commercial space is let to a private individual on a 3 year lease expiring 31st March 2026 at £11,650 per annum. The rear ground floor office is currently occupied by the property owner, and will be sold with vacant possession. The estimated rental value for this part of the building is £12,000
A sale at the asking price of £425,000 will equate to net initial yield of 9.28% based on purchasers costs of 4.33%.To calculate this yield the listing agent has assumed that the lower ground floor unit rent is £12,000pa.

Attachments

23271_29066n40j34cb557

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,418 SF
Building Class
B
Year Built
1980
Price
$517,466
Price Per SF
$214
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
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Nearby Major Retailers

ALDI
JD Gyms
National Westminster Bank Plc
Barclays Bank
Iceland
Farmfoods
Costa Coffee
ASDA
Tesco
Sainsbury's
+44 1204 522275

Contacts

  • Listing ID: 31780299

  • Date on Market: 5/13/2024

  • Last Updated:

  • Address: 371 Bury New Rd, Manchester M25 1AW

The Retail Property at 371 Bury New Rd, Manchester, M25 1AW is currently available for sale. Contact Lamb & Swift Commercial for more information.

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371 Bury New Rd
+44 1204 522275 x

371 Bury New Rd

1/2

Lois Sutton

+44 1204 522275

+44 1204 522275

Nick Swift

+44 1204 360945

+44 1204 360945

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