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Blackfriars Rd - Spectrum Building
4,187 SF Retail Condo Unit Offered at $697,085 in Salford M3 7AG
Investment Highlights
- Salford is a rapidly growing cathedral city in the metropolitan county of Greater Manchester
- All stations within central Salford and Manchester are linked by a free shuttle bus
- The city’s close proximity to Manchester allows for access to greater infrastructure
Executive Summary
The property comprises a substantial commercial unit arranged over ground and mezzanine floors. The property benefits from vacant possession.
Property Facts
| Price | $697,085 | Sale Type | Investment |
| Unit Size | 4,187 SF | Building Class | B |
| No. Units | 1 | Floors | 5 |
| Total Building Size | 4,187 SF | Typical Floor Size | 837 SF |
| Property Type | Retail (Condo) | Year Built | 2004 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 1.19/1,000 SF |
| Price | $697,085 |
| Unit Size | 4,187 SF |
| No. Units | 1 |
| Total Building Size | 4,187 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 837 SF |
| Year Built | 2004 |
| Parking Ratio | 1.19/1,000 SF |
1 Unit Available
Unit 12
| Unit Size | 4,187 SF | Sale Type | Investment |
| Price | $697,085 | Tenure | Long Leasehold |
| Price Per SF | $166.49 | Cap Rate | 3.16% |
| Condo Use | Retail | NOI | $22,053.23 |
| Unit Size | 4,187 SF |
| Price | $697,085 |
| Price Per SF | $166.49 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 3.16% |
| NOI | $22,053.23 |
Description
The property comprises the part ground and mezzanine floors of a 15 storey residential development.
The remaining parts of the development comprise residential accommodation and a designated car park found in the remaining ground floor space.
The property benefits from two designated parking spaces located in the developments underground car park.
Sale Notes
Investment opportunity, offers in excess of £550,000 (Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a capital value of £133psf.
The property is held on a long leasehold basis for a term of 250 years from 1st July 2006 at a current rental of £1,450 per annum.
The lease is subject to five yearly reviews.
Amenities
- Bus Line
- Air Conditioning
Nearby Major Retailers
-
Patrick Kilvington -
Oliver Smart -
FMX Urban Property Advisors
Learn More About Investing in Retail Properties
Presented by
Blackfriars Rd - Spectrum Building
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