Commercial property for sale in Stand Lane, Radcliffe, Manchester M26
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Property features
- Mixed Use Retail/Residential Property
- Ground Floor Retail with 2 x Flats in Upper Parts
- Asset Management Potential
- Erv Circa £20,000 per annum
- Gross Reversionary Yield of 15.4% on Guide Price if Fully Let
- Prominent Frontage Opposite Public Car Park
Property description
Strapline
Auction Sale - 21/06/2023
Vacant Mixed Use Opportunity with Asset Management Potential
Part Let - Currently Producing £7,140 per annum (erv circa £20,000 per annum)
Gross Reversionary Yield of 15.4% on Guide Price if fully let
Description
The property comprises a mixed use retail/residential opportunity arranged across ground, first and second floors.
The ground floor is currently vacant and arranged as a single retail unit accessed form Stand Street. The unit comprises a sales area to the front with additional storage/staff areas to the rear.
The first floor comprises a one bedroom flat which is currently let and producing £7,140 per annum (£595pcm).
The second floor comprises an additional one bedroom flat which is currently vacant.
Location
The property is located in Radcliffe, a town in Greater Manchester which forms part of the wider urban area surrounding the city. Located between Manchester, Bolton and Bury, the town is a popular with commuters due to its position on the river Irwell and the green space surrounding the town.
The property is situated with a frontage to Stand Lane, immediately adjacent to one of two bridges crossing the river and the principal bridge for pedestrians. The property is also opposite the public car park, leading to significant footfall. The surrounding area mainly comprises residential and local retail use.
Transport
Road
- Bolton - 6.1 miles
- Bury - 3.3 miles
- Central Manchester - 7.4 miles
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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