FOR SALE BY LIVE STREAM AUCTION ON TUESDAY 4TH FEBRUARY 2025 AT 12PM
*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 £17,400, representing a healthy return approaching almost 14% 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.
Whilst we have yet to inspect the premises, we understand 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.
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: 0.9% 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
