• Located in an attractive Manchester suburb

• Prominent position

• Commercial premises & large residential apartment

• Opportunity to redevelop, subject to planning

• Large undeveloped area to the rear

• VAT-free investment

• Freehold

• £300,000, subject to contract

The subject property occupies a prominent corner position at the junction of Dartford Road and Church Road, approximately 0.8 km (0.5 miles) from Urmston train station and town centre. The property is in a densely populated, well-established residential area.

The property comprises a period detached brick building occupying a corner plot, at the junction of Dartford Road and Church Road. The building is currently configured as a newsagent’s shop on the ground floor, with a 3-bedroom maisonette on the first and second floors benefitting from self-contained access from the rear of the property.

The property also benefits from a substantial garden to the rear.

The property has been measured by BKR Floor Plans and provides the following areas:

The measured survey report is available to download and will be re-addressed to a purchaser at a cost of £275 + VAT.

According to the Valuation Office website the rateable value for the property is as follows:

The business rate multiplier is 49.1 pence per pound.

Freehold.

The property is entirely let to Yusuf Bobat (t/a Dartford News) on a full repairing and insuring lease for a term of 5 years from 29th September 2018, expiring on 28th September 2023. The current passing rent is £14,000 per annum.

The ground floor benefits from A1 use and the permitted use of the upper floors is residential accommodation on an Assured Shorthold basis.

The tenant has advised that they have sub-let the residential maisonette on the first and second floors at a rent of £500 per month.

We are instructed to seek a figure of £300,000 (Three Hundred Thousand Pounds), subject to contract, for the freehold interest.

Please note that a purchaser will be re-charged the costs of searches and measured survey which are provided in the data room.

Please note a purchaser will be charged a Transaction Fee of £5,000 + VAT.

1. An opportunity to acquire an income producing development opportunity;

2. The property occupies a prominent position in an attractive, densely populated residential suburb of Manchester;

3. Many people are opting to shop more locally as a result of COVID-19, hence an increase in demand from local occupiers;

4. The property has a low site cover;

5. An attractive lot size to an investor;