Wilmslow Road, Withington, Manchester, M20
Commercial
 
£1,195,000
 
Property Side
Subway
     
    Lancashire Properties are delighted to present this EXCELLENT INVESTMENT OPPORTUNITY with a THREE STOREY commercial and residential development for sale located on main Wilmslow Road, Withington, M20. Comprising of two commercial premises on the ground floor which are currently rented to national tenants Subway and Oxfam and four purpose built apartments on top spanning over the first and second floor. The property is located at a top location and is excellently situated on the main road benefiting from being established within a busy shopping parade amongst retail outlets, banks and takeaways.

    There are total of 6 apartments out of which 4 apartments are included in the sale. The other 2 apartments have previously been sold and are held under long leases with annual service charges being paid to the freeholder. The freehold of the property is included within the sale and the service charges are payable to the freeholder which could be extra income. The last individual apartment in the property was sold for £176,000 in January 2018. The car park to the rear is shared and does not belong to the property.

    Withington is a popular suburb just 3.5 miles south of Manchester City Centre just off of the A57 (M) via A5103 Princess Road or by Oxford Road which leads directly into the area. The property is prominently situated on Wilmslow Road, one of Withington's prime retailing pitch. The property is located amongst prominent occupiers such as Lloyds Bank, Royal Mail Post Office, Costa Coffee, Sainsbury's Local and many others. A frequent commute network due to it's main road location with several buses running every 10 mins linking towards the City Centre and University Campuses which is highly attractive in drawing prospective tenants to the property.

    Dimensions of the premise can be found on the floor plans.

    Please find the following details:

    Unit A, Wilmslow Road, M20
    Floor: Ground
    Use: Retail
    Floor Area Approx: 146m2
    Tenant: Oxfam
    Term: 10 years from May 2006
    Rent: £30,000 per annum
    Review: Holding over. Previously had discussions for lease extension but on hold at the moment.

    Unit B, Wilmslow Road, M20
    Floor: Ground
    Use: Retail
    Floor Area Approx: 68m2
    EPC Rating: D
    Tenant: Subway
    Term: 10 years from May 2016
    Rent: £17,000 per annum
    Review: May 2021
    (May 2026)

    Flat 1, Wilmslow Road, M20
    Floor: First
    Floor Area Approx: 52m2
    EPC Rating: C
    Tenant: Occupied
    Term: Periodic
    Rent: £650 pcm

    Flat 4 ( with juliet balcony ), Wilmslow Road, M20
    Floor: First
    Floor Area Approx: 56m2
    EPC Rating: C
    Tenant: Occupied
    Term: Periodic
    Rent: £695 pcm

    Flat 5, Wilmslow Road, M20
    Floor: Second
    Floor Area Approx: 52m2
    EPC Rating: C
    Tenant: Occupied
    Term: Periodic
    Rent: £650 pcm

    Flat 6 ( with juliet balcony ), Wilmslow Road, M20
    Floor: Second
    Floor area approx: 56m2
    EPC Rating: C
    Tenant: Vacant. Requires Work.

    Notice:
    The mention of any appliances and/or services within these sales particulars does not imply they are in full and efficient working order.
    Please note that all measurements are approximate and should not be relied upon if considering carpets, curtains, along with any other fixtures and fittings.
    While we endeavour to make our property details accurate and reliable, if there is any point, which is of particular interest to you, please contact the office and we will be pleased to check the information.
     
    Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.