No longer on the market
This property is no longer on the market
MapMixed use
Key information
Features and description
- For sale by live stream auction tuesday 13 th may 2025 at 12 pm
- Guide price £125,000+
- Mixed use investment
- EPC RATING: C, D
*GUIDE PRICE; £125,000+
* Excellent Mixed Use Investment Opportunity *
A mixed use commercial property which is presently utilised as ground floor café and a one bedroom first floor flat - both units are presently let and achieving a combined gross yield of of £18,312.00 per annum
(£650 flat PCM, £876 PCM cafe) representing a healthy return approaching nearly 15% based against the quoted guide price.
Sited in a prominent road side position and being ideally situated being within close proximity of all local amenities and direct Manchester City Centre transport links.
The ground floor comprises a café frontage with kitchen whilst the flat above (with separate entrance) offers an open plan living area/kitchen, double bedroom and shower room.
* The flat internal photos are provided by the Seller and are historic in nature and provided for general guidance only whilst the cafe photos were recently taken by ourselves.
Lease Length - 990 years from March 1882
Ground Rent - £1.98
Rooms
ADDITIONAL INFORMATION
Tenure
Leasehold
Disclaimer
Any information in relation to the length of lease, service charge, ground rent has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Council Tax
Flat - Band A
Charges & Payments
In addition to the deposit Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor's solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure
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