* A rare opportunity to acquire a prominent mixed use block located in a sought after and popular South Manchester suburb.
* Prominently situated on Stockport Road in Levenshulme, one of the main arterial routes into Manchester City Centre. Excellent local transport infrastructure.
* Attractive pub conversion providing ground floor restaurant premises let on FRI terms and 8 apartments let on AST’s.
* Producing a gross annual income of £98,900 from 9 occupiers in total representing excellent diversification of income. 31% of the income is derived from the restaurant and 69% is derived from 8 residential tenants.
The property is a former public house and is arranged over basement, ground, first and second floors. The substantial three storey late Victorian/Edwardian property is of traditional brick construction with decorative brickwork, UPVC double glazed windows beneath a largely pitched slate tile roof.
The ground floor comprises of a retail unit used as a desert bar which has been fitted out in the tenant’s corporate standard and benefits from a fully glazed frontage. The upper floors comprise of residential apartments and the property circles around the back in a ‘U’ shape providing further apartments and a central courtyard.
First and second floors provide a total of eight apartments varying from one, two and three bedrooms. The apartments are in good condition with the internal fit out comprising of a mix of laminate wood flooring and carpet, spot lighting, plastered and painted walls with open plan kitchen/living areas.
Levenshulme, Manchester South