Freehold Investment & Development Opportunity In Manchester For Sale

Business description

Select Business Transfer is delighted to market this fantastic freehold investment opportunity in Manchester.

This flexible freehold property consists of a licensed convenience store which occupies 2 of the ground floor units with recently refurbished 5 bedroom owners accommodation located above. There is also a further ground floor unit with self-contained 2 bedroom accommodation which is currently being let and although this is currently trading as an electrical wholesalers we have been advised by the owner that there is A3 planning for hot food on this property which gives any potential purchaser the option of developing this unit as well as the convenience store.

The property occupies a prominent main road trading position within the heart of a densely populated area on the outskirts of Manchester.

The business has been trading from this location for a number of years & has established a fantastic reputation within that time ensuring the store benefits from high numbers of regular repeat trade which accounts for the vast majority of the overall business income.

However the highly visible and accessible main road location also ensures the business benefits from large numbers of passing customers.

The property also benefits from being situated on a good sized plot which also gives any potential buyer the options to apply for planning in order to either expand or re-develop the present site although we strongly advise any potential buyers to look into this further.

Property information

Property:

Freehold

Living accommodation:

Flexible 5 bedroom living accommodation comprising of, lounge, kitchen diner, 2 bathrooms & 3 bedrooms located to the 1st floor along with a further 2 bedrooms on the 2nd floor. There is also a separate s/c 2 bedroom accommodation, which is currently being let along with the additional retail unit. This is generating a rental income of approximately £750 pcm and gives any potential buyer the option to continue this agreement if they so wish.