The property comprises a 3 storey mixed use investment of brick construction beneath a pitched slate roof. The property is fully let to 6 tenants including 4 retail tenants and a hot food takeaway on the ground floor and self contained offices (via entrance on Claremont Road) on the First and Second Floors.
The property is held freehold.
Please see the brochure for the tenancy schedule and floor plans.
( Agency Pilot Software ref: 1538 )
Location
The property is located on the south west side of Wilmslow Road at its junction with Claremont Road in the centre of Rusholme on Manchester’s ‘Curry Mile’. Wilmslow road is one of the busiest arterial routes running south out of Manchester City Centre which is approx. 1.5 to the north.
Accommodation
124 Wilmslow Road Basement 319 sq ft Ground floor 449 sq ft Total 768 sq ft
122 Wilmslow Road Basement 334 sq ft Ground floor 503 sq ft Total 837 sq ft
554 Claremont Road 156 sq ft
552 Claremont Road 1st floor 1,510 sq ft 2nd floor 1,597 sq ft Total 3,107 sq ft
Terms
TENURE The property is held freehold.
PURCHASE PRICE Offers in the region of £1.6m which represents a 6.21% net initial yield taking into account the usual purchasers costs.
VAT We are informed that VAT is not applicable.
Specification
• Currently producing a rent roll of £105,200pa
• Net initial yield of 6.21% (after costs)
• Mixed use investment including retail, hot food and office uses.
• Situated in the heart of Rusholme on Manchester’s famous ‘Curry Mile’
• Approx 1.5 miles from Manchester City Centre