We are pleased to present this mixed-use investment opportunity producing an annual income of £12,900 which represents an attractive gross yield of 13.5% when based on the quoted guide price. Located in The Old Town of Ashton-under-Lyne the property sits alongside various other commercial properties all in walking distance. For residents the location offers easy access to a good choice of shops including the market hall, there are also excellent transport links such as regular bus routes, the Metrolink, Train Station and the M60 Motorway network. Number 18 Wood Street is being operated as a Hair Salon and is let on a three-year lease starting from the 1st September 2023, achieving £375pcm. Number 20 Wood Street is currently vacant, previously being operated as an office premises achieving £90 per week. Number 20a is a two-bedroom first floor apartment, recently let and is achieving £700pcm.

Tenure

Freehold

Ground Floor

18 Wood Street Salon Kitchen Area Wc 20 Wood Street Office Shower Room

First Floor

20A Wood Street Living Room Kitchen Bathroom Bedroom 1 Bedroom 2

Energy Efficiency Rating (EPC)

Current Rating E,D,E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Tameside Metropolitan Borough Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 1.2% inc VAT, subject to a minimum of £1500 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.