Studio flat for sale

TO BE SOLD BY ONLINE AUCTION ON 24TH APRIL 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.25/25a Manchester Rd, Denton, Manchester M34 3JU. *BUSINESS NOT AFFECTED*A fantastic investment opportunity to purchase a large three story commercial property, enjoying the benefit of a long term established tenant on the ground floor and planning permission for two apartments on the 1st and 2nd floor. The planning permission was granted in 2022; planning number 22/00099/P3N. The permission is for a two-bedroom apartment and a one-bedroom apartment. Both will enjoy their own individual access and enjoy larger than average living accommodation. The current rental income from the ground floor is £12,000 on a lease that runs until 2031. The projected income for the two apartments is £19,200 pa, providing a total income of £31,200. The first and second floor also lend themselves to be converted into an HMO or continue with its previous use as offices with the potential for five large serviced offices.
The property sits at the heart of the village close to Denton Crown Point, where substantial investment has been made over recent years with a fantastic shopping complex at the now well-established Crown Point North and facilities including newly built swimming baths, parks. It is just a one minute drive to access the M67 which joins on to the M60 and Hyde Road taking you direct in to Manchester City centre.
Under the terms of the Estate Agents Act we are obliged to inform you that the property is owned by the shareholders of Edward Mellor Limited.