Mixed Use Commercial & Residential Investment Currently Producing £45,780 pa

Description A substantial two storey corner block situatred in the centre of Ashton, briefly comprising three self-contained ground floor retail/commercial units together with five self-contained 1 bed flats above, accessed from a rear courtyard area. In addition there are two basement storage areas currently vacant. Tenancy Information We have been informed that the property is currently fully let as follows:- Ground Floor Booth Street – Barbers - £500 pcm (£6,000pa) Corner Unit – Recruitment Agency - £725 pcm (£8,700pa) 224 Stamford Street – Beauticians - £500 pcm (£6,000pa) Upper Floors 5 flats providing lounge with kitchenette, bedroom and bathroom. All flats are let by way of ASTs. Four let at £410pcm and one at £450 pcm. See legal pack for lease agreements. The total income is £45,780 per annum. Location Prominently located on Stamford Street at the junction with Booth Street in the centre of Ashton Under Lyne. Manchester City Centre is approximately 7 miles to the west.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Tameside Metropolitan Borough Council

Additional Fees

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

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