Commercial property for sale in Manchester

A unique opportunity to purchase a double unit in a prime location. Viewings by appointment only. Welcome to Monton Road... 195-197 Monton Road is a double commercial unit set on a busy road in a great location. Both units are currently let out and details of the rental income are below. Current Income and sqft 195 Monton Road - let at £18,000 per annum EPC C 197 Monton Road - let at £15,000 per annum EPC B Overall total of both units: 1915 sqft Landlords comments regarding potential Currently, 195 is paying £18,000, with their lease expiring in 2.5 years. A new lease, based solely on current condition, would likely command a commercial rent of around £33,000 per annum. By the time the current lease concludes in 2.5 years, rental prices are anticipated to increase even further. Alternatively, once the lease expires in 2.5 years, the owner could opt to occupy both the ground floor of 195 and the entire upper level. The ground floor of 197 is now let for £15,000 per year. The current owner is only willing to sell if they receive an offer close to their desired price; otherwise, in 2.5 years, they intend to construct a single rear access point to the upper sections of both 195 and 197, converting them into two highly desirable flats in Monton, which could generate approximately £22,000. Furthermore, the ground floor of 195 would likely be leased at today's rates for around £20,000, while 197 will still be rented to Village Nails... Brochures Full Details

Commercial property for sale in Manchester, England

Commercial property for sale

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