Property Solutions are delighted to present this FANTASTIC INVESTMENT OPPORTUNITY of a premise comprising of a ground floor retail shops and land on the site. Located at a very demanding location of Salford University, M6. The premise is situated on a prime location and benefits from easy access to all amenities.
This is a very demanding area near the Salford University, X1 campus with 315 flats facing the property and 50 yards at the left of the property
a newly built 14-floor work in progress which is 60% completed. 300 yards away 998 Housing plan has already been in progress since last year.
The property has recently undergone a full renovation and is ready for an investor to take advantage of all the benefits which it has to offer.
1. Convenience store 2 shops at £2,250/month total
Units= 11A & 11B
1st July 2022 = 7 years till 2029
2. Frappe Café (not open yet) at £1,000/month
Unit= 11C
25th March 2022 = 7 years till 2029
3. Café/Coffee Rules Shops at £2,800/month
Units 11D & 13
24th January 2023 = 6 years till 2029
4. First Floor at £1,000/month
Unit= 11
6th March 2023 = 3 years till 2026
The total annual rental income is £84600.
Rent review 3 years from its start date and 1st floor this year.
Land on the side subject to planning.
Fees apply but vary depending on agreement.
Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
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