Overview
- Investment
Description
Location
The property is situated on the south side of Manchester Road in the centre of Denton, approx. 5 miles east of Manchester city centre. Crown Point Retail Park is in walking distance as are all town centre amenities.
The property is arranged over two stories with a ground floor retail unit occupied by a dog groomers, and a one bed flat on the first floor accessed via a separate entrance. The ground floor comprises an open plan retail area, and a storage room, kitchen and WC to the rear. The first floor is fitted to a high standard with central heating, a modern kitchen, white painted walls and spot lighting.
LEASE
The ground floor retail unit is let to two individuals t/a Pups and Dreams on a 3 year lease from April 2025 at a passing rent of £10,800 pa.
The flat is let on an assured periodic tenancy at £850pcm.
The total passing rent is £21,000 per annum.
Summary
Key points
- Retail/Residential Investment Property
- Popular town centre location
- Offers in the region of £235,000, which equates to a gross initial yield of 8.9% after standard purchaser's costs.
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