Fixed price
£330,000
(£61.38/sq. ft)
Property for sale152 Elliott Street, Tyldesley, Manchester, Lancashire M29
5,376 sq. ft
Freehold
About this property
Part Incoming Producing let to National Veterinary Operator
Redevelopment opportunity for the upper floor (subject to planning)
Easy access to A580 East Lancashire Road
Prominent Town Centre Location
Asset Management opportunities
Circa 10 years term certain on the lease
The opportunity is to acquire a part income-producing investment let to a national tenant, with asset management and redevelopment potential to the upper floors. The ground floor is let to Medivet on a 15-year lease from June 2021 at a rental of £16,500 per annum. The property also benefits from self-contained first floor accommodation, currently vacant, offering conversion potential subject to the necessary planning consents.
The property comprises a substantial former bank premises arranged over basement, ground and first floors, occupying a highly prominent position within the town centre. The ground floor accommodation is demised to Medivet and provides a large reception/waiting area, consulting rooms and surgeries, fitted out to a good standard in line with its current veterinary use.
The first floor is accessed independently via Chapel Street and formerly operated as a Masonic Lodge. The accommodation includes a large open-plan meeting hall, kitchen facilities, W.Cs and a series of ancillary rooms. Whilst refurbishment works are required, the upper floors retain a number of attractive period features and present an opportunity for alternative use or redevelopment, subject to planning.
The property comprises a substantial former bank premises arranged over basement, ground and first floors, occupying a highly prominent position within the town centre. The ground floor accommodation is demised to Medivet and provides a large reception/waiting area, consulting rooms and surgeries, fitted out to a good standard in line with its current veterinary use.
The first floor is accessed independently via Chapel Street and formerly operated as a Masonic Lodge. The accommodation includes a large open-plan meeting hall, kitchen facilities, W.Cs and a series of ancillary rooms. Whilst refurbishment works are required, the upper floors retain a number of attractive period features and present an opportunity for alternative use or redevelopment, subject to planning.
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Monthly repayment
£1,650 per month
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