11-15 Ashton Road, Denton, Manchester, Greater Manchester

Back to search results
£235,000 1519 Sq Ft Request Info/Arrange Viewing

Status: For Sale
£ 235,000

* Highly prominent mixed-use investment let to a popular local restaurant occupier with first floor residential accommodation.

* Located in Denton Town Centre, East Manchester.

* Recently refurbished three-bedroom apartment on the first floor.

* Total combined passing rent of £18,800 per annum.

* 14.2 years unexpired lease term (4.2 to break)

* We are instructed to invite offers in the region of £235,000 subject to contract and exclusive of VAT. An offer at this level reflects a Net Initial Yield of 7.8% assuming standard purchasers’ costs of 2.52%.

The property comprises of a two-storey mixed-use terrace building of traditional brick construction beneath a flat roof. The ground floor provides a double fronted A3 restaurant unit with glazed frontage benefiting from electric roller shutter security.

The restaurant has been recently refurbished and is fit out to a high standard throughout with entrance area, dining areas, bar, WC located to the front of the unit and a commercial kitchen to the rear.

Externally, there is access to the ground floor from the rear via a small yard area.

The first floor provides a 3-bedroom apartment which is accessed via a rear entrance.

Location

Denton, Manchester East