Vacant Shop Premises with Tenanted Residential Upper Floors

Comprising a three-storey, end terrace mixed-use property with retail premises on the ground floor and basement and residential accommodation on the upper two floors. The ground floor retail unit is currently vacant and arranged as as front and rear sales areas, kitchen, storage and W/C, with the basement providing further storage space. The unit further benefits from dual aspect frontage and security roller shutters. The two upper floors provide residential accommodation, currently tenanted and producing approximately £1,400 pcm ( £16,800 pa). We are informed that the current occupiers have an informal arrangement with the landlord, however have indicated they would like to stay in the property, subject to agreement with the future landlord. The upper floors are accessed via the rear of the property via a secure gate. Accommodation includes 4 bedrooms, 2 bathrooms and a large open plan kitchen/living area. The property is located on the corner of Wilmslow Road and Cawdor Road in the centre of Fallowfield. The town serves as one of the main accommodation sites for the cities universities. Wilmslow Road directly serves the city centre and is an extremely busy bus route providing high levels of passing traffic and footfall. Manchester City Centre is less than two miles from the property whilst Stockport and the M60 is less than five miles away.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Manchester City Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 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.