Commercial property for sale in Salford

First Floor, Quebec Building, Bury Street, Salford, Greater Manchester, M3 7DU

Commercial property for sale in Salford

First Floor, Quebec Building, Bury Street, Salford, Greater Manchester, M3 7DU

Description

Key features

  • Net initial yield of 7.5% with a reversionary yield of 9.77%
  • Fully let investment
  • Offers in the region of £1m

Property description

The property comprises an office suite situated at first floor level with a ground floor entrance/reception area within a new build block of residential apartments. The suite is currently split into 14 offices together with boardroom, reception, WC and kitchen facilities. The space is fitted out to a high standard with carpeted flooring, suspended ceilings incorporating LED lighting, air conditioning and perimeter trunking.

TENANCIES

The property is fully let to a range of businesses on fully inclusive rentals at a current gross annual income of £109,117 per annum. Please note there is approximately £30,000 of costs including service charge, utilities, ground rent, cleaning and maintenance, agent fees etc which when deducted equates to a net income of £79,117per annum.

A copy of the tenancy schedule is available on request.

Address


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  • Address First Floor, Quebec Building, Bury Street, Salford, Greater Manchester, M3 7DU
  • City Manchester
  • State/county Greater Manchester
  • Zip/Postal Code M3 7DU
  • Area salford

Details

Updated on June 20, 2022 at 1:13 am
  • Price: £1,000,000
  • Property Type: Others
  • Property Status: 1. Commercial Property for Sale

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Wt Gunson
  • Wt Gunson