109-111 Blackburn Street, Radcliffe, Manchester, Greater Manchester

Property details

The property fronts onto Blackburn Road (A665) on the outskirts of Radcliffe Town Centre. The immediate surrounding area is a mixture of residential and retail properties. The nearby larger towns of Bolton and Bury provide further amenities and facilities whilst Manchester City Centre sits 8 miles to the south well served by public transport.

A mixed use investment opportunity comprising a ground floor retail unit extending to approximately 111m2 (1,205 sqft) and let by way of an initial 5 year lease at £10,000pa with approximately 4 years unexpired. The upper floors are arranged as two self contained flats which are both currently let at a combined total of £14,100pa. The total rent details £24,100 and would make an excellent purchase for a local investor.

The property is fully let as follows:

109-111 (Ground Floor) – Let to Bury Hospice on a 5 year lease commencing 6 January 2023 at £10,000pa. Bury Hospice has 9 branches in the local area and showed £3.9million in turnover year end 2023.
https://www.buryhospice.org.uk/shops

https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/5010703/charity-overview
109a (First Floor Flat) – Let on an initial 6 month AST dated 16 February 2021 at a new rent of £550pcm (16.07.2023).

111a (Second Floor Flat) – Let on an initial 6 month AST dated 2 September 2022 at £625pcm.

The property is held long leasehold for a term of 998 years under two titles – LA285009 and GM379720.

GUIDE PRICE/AUCTION
The property is guided under Auction terms at £200,000 plus. The sale is via online auction with Pugh with bidding commencing 10am Tuesday 26th March and closes on Wednesday 27th March 2024.

To download a legal pack and register to bid, please visit Pugh’s website via the following link:-

https://www.pugh-auctions.com/property/34918

Location

Manchester North, Radcliffe