Commercial development for sale in West Gorton

578 Hyde Road, Manchester, Greater Manchester, M18

Commercial development for sale in West Gorton

578 Hyde Road, Manchester, Greater Manchester, M18

Description

Key features

  • Fully let cash and carry retail investment
  • Passing rent £75,000 – 4 years unexpired term
  • 10 year lease expiring 30th November 2025
  • Rented to a private landlord and guarantor
  • Accommodation over ground and first floors with a rear loading yard
  • Fronting Hyde Road in the centre of Gorton
  • 10% yield commercial property investment
  • £750,000 SUBJECT TO CONTRACT

Property description

For Sale: 6,365 Sq.ft Fully let cash and carry retail investment in the centre of Gorton.

The property provides a passing rent of £75,000 per annum exclusive with 4 years unexpired term. Currently rented to a private individual and guarantor on a 10 year Lease expiring 30th November 2025.

The premises is of traditional construction and provides accommodation over ground and first floors with a rear loading yard and fronts directly onto Hyde Road in the centre of Gorton.

Rateable Value – £28,750 – Tenant responsible for payment of Business Rates.

Freehold: Title Number: LA23122.

£750,000 SUBJECT TO CONTRACT.

We understand that VAT is not payable on the sale.

Ground floor shop: 5,250 Sq.ft overall comprising:-
Open air shop front: 38’11” x 7’8”.
Main sales: 38’11” x 83’7”.
Side storeroom: 40’8” x 7’7” plus 19’5” x 8’5”.
Corridor: 11’5” x 4’0”.
Foyer to main sales and loading yard: 7’10” x 8’7”.
Foyer to first floor: 8’0” x 6’8”.
Offices: 8’8” x 9’10” plus 8’8” x 8’6”.

First floor: 1,115 Sq.ft overall comprising:-
Store: 39’10” x 12’6” plus 19’4” x 14’5” plus 9’11” x 4’4” plus 8’2” x 5’11” plus 8’9” x 27’11”.

Address


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  • Address 578 Hyde Road, Manchester, Greater Manchester, M18
  • City Manchester
  • State/county Greater Manchester
  • Zip/Postal Code M18
  • Area West Gorton

Details

Updated on September 12, 2022 at 5:44 am
  • Price: £750,000
  • Property Type: Land / Development
  • Property Status: 1. Commercial Property for Sale

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