Lot
040
Auction Ends: 28/04/2021 12:06

353 Kingsway, Manchester, Greater Manchester M19 1NQ

Property Details
Location
Auction Details
Description
A mixed use investment opportunity comprising an end terrace building situated within a small parade of shops. The ground floor retail unit is currently let at £250 p/wk on a 5 year lease from November 2020. The upper floor consists of a independently accessed residential flat which is also let at £500pcm. The total equivalent annual income is £19,000.
Location
The building is situated within a small parade of shops next to an Aldi supermarket and fronting onto Kingsway (A34), a main dual arterial route which leads into the City Centre 5 miles to the north. The popular suburbs of Didsbury and Withington are situated close by.
Tenure
Unknown
Tenancy
The ground floor retail unit is let on a 5 year lease dated 28th November 2020 with a 3 months notice tenant break option after 28th November 2021. The residential flat above is let at £500pcm.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 27TH APRIL AND CLOSES ON WEDNESDAY 28TH APRIL.
Addendum
The property is held on a 990 year leasehold title dated 13th February 1929.

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Joint Agent

Contact: Nazir Khushi

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