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499 Market Street, Whitworth, Rochdale, OL12 8QN
900 Sq Ft / Retail / General Retail
Withdrawn - Last updated: 08 February 2019
Tenanted investment opportunity comprising of ground floor retail premises with a newly refurbished first floor two bedroom flat in the heart of Whitworth village. Benefitting from gas central heating and double glazing, the living accommodation comprises of an entrance hall, stairs to flat, open plan lounge with kitchen/diner area, bedroom and bathroom with another bedroom to the second floor.
The flat is currently rented with an income of £5400 per annum while the shop is currently rented at £7800 per annum. This totals a combined revenue of £13,200 per annum, which represents a gross yield of 8.52%.
A lease has been signed on the ground floor retail unit in January 2018 for £7,800 per annum and an initial 5 year term, with rent-reviews in January 2021.
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