Property Description

Substantial mixed-use investment property generating an income of £24,600 per annum, with excellent potential for further development (subject to planning). The property occupies a prominent corner plot within a popular local retail parade, surrounded by a well-established and highly desirable residential area. Currently fully let, the property provides an immediate high-yielding income while also offering scope for future enhancement and value-add opportunities. Chorlton is one of Manchesters most sought-after suburbs, renowned for it’s vibrant community and excellent lifestyle amenities. The property is well-served by an array of independent shops, restaurants, bars and cafes. Leisure facilities and attractions include Hough End Playing Fields and Chorlton Meadows. Manchester City Centre lies just 3 miles to the north and is easily accessible by Metrolink, bus and car, making it a prime investment opportunity with strong long-term prospects. Ground Floor: Retail premises let on a five year commercial lease at £10,800 per annum. Entrance: uPVC double glazed entrance door with double display windows. Reception: 4.1m x 2m Room 1: 3.9m x 2.8m Room 2: 3.9m x 2.8m Vestibule with understairs cupboard. Room 3: 4.1m x 3.9m WC. Kitchen: 4m x 2.7m Outside: Shared enclosed yard to rear. Use Class: E. First Floor: Two bedroom flat let on an AST at £13,800 per annum. Hallway Double bedroom Lounge Double bedroom Kitchen.

Note to Buyers

The property is known on the contract and at the land registry as 117 Egerton Road South, Manchester, M21 0XN.

Tenure

Freehold

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