Overview
- Investment
Description
Location
The property is located on the west side of Wilmslow Road between the junctions of Queen Street West and Barbican Street in the centre of Withington village, Manchester. Withington is a highly popular and up and coming south Manchester suburb situated approx. 3 miles south of Manchester City Centre.
The property is a double story mid terraced property of brick construction beneath a mainly pitched slate roof (with a small section of flat roofing to the front). The accommodation is situated over ground, first floor and 2nd floor attic space. The property is tenanted by a long established vegetarian restaurant/cafe business t/a Fuel. The business has been there for over 20 years.
The property is leased to Fuel Café Ltd t/a Fuel on a 10 year fully repairing and insuring lease from 01.01.25 at £18,000pa with a rent review at 5 years.
Summary
Key points
- Long established restaurant business for over 20 years
- Passing rent £18,000pa
- Offers in the region of £235,000 which represents a net yield of 7.49% assuming the usual purchaser's costs.
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