Guide Price: £100,000 plus, 652 Hyde Road, Manchester, Greater Manchester, 433+53652

Property Details

Location

The property sits in an established retail position fronting onto Hyde Road which itself is a busy main road position with plenty of passing footfall and vehicle traffic. There are a number of independent retailers and a Tesco Extra superstore in the immediate surrounding area. Junction 24 of the M60 motorway network is 2 miles away whilst Manchester City Centre sits 4 miles to the west.

Description

An investment opportunity comprising a ground floor mid terrace retail unit currently let at £800 pcm, equivalent to £9,600 per annum. The property extends to approximately 152 SQ M (1636 SQ FT) (source EPC) and is let to an aesthetics company on a 5 year lease dated November 2019.

Accommodation

Pugh & Co have not inspected the property internally and the following accommodation size has been taken from the EPC register. Buyers are advised to rely solely upon their own enquiries.

Ground Floor

152 SQ M (1636 SQ FT)

Approx Site Area

Approximately 170 Sq M (203 Sq Yds).

Planning

Interested parties should consult direct with the Local Planning Office, Manchester City Council, Town Hall, Albert Square, Manchester, M60 2LA. Tel: 0161 234 5000, Fax: 0161 236 5909.

Tenancy

The property is let on a 5 year lease from 1st November 2019 to a private tenant trading as Instyle Aesthetics Ltd at a monthly rent of £800. A rent review is scheduled after 3 years.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

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 19TH OCTOBER AND CLOSES ON WEDNESDAY 20TH OCTOBER.