2 bedroom mixed use for sale

TO BE SOLD BY ONLINE AUCTION ON 10TH SEPTEMBER 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS.2, 4 & 4A Highmead Street, Gorton, Greater Manchester, M18 8PJ.MORE PHOTOS COMING SOONA mixed-use and residential investment block comprising a ground floor commercial unit with flat above (No. 2), together with two self-contained one-bedroom flats (Nos. 4 & 4A), situated in a popular rental area. Edward Mellor has not yet inspected the internal condition of the property.The accommodation includes a commercial space with potential flat above at No. 2, plus two well-proportioned one-bedroom flats at Nos. 4 & 4A. The properties benefit from excellent local amenities and transport links, with Belle Vue and Gorton train stations nearby and the A57/A6 road network giving access across Greater Manchester.Reportedly producing a combined rental income of £1,800pcm (£21,600pa), with the commercial element at No. 2 let at £750pcm, 4 Highmead let at £500pcm, and 4A Highmead let at £550pcm. The flat above No. 2 offers scope for further income once regularised.The block is held leasehold with 58 years unexpired on the original 99-year lease. There is clear potential for value uplift through lease extension, rent reviews in line with local comparables, and improved asset management.Comparable sales evidence highlights:81 Cross Lane, M18 8NY Mixed-use retail & flats sold £133,000 (ROI 9.77%)16/05/2024282–284 Abbey Hey Lane, M18 8RP Mixed-use retail & flats sold £155,000 06/07/2023652 Hyde Road, M18 7EE Mixed-use retail & flats sold £629,000 (ROI 9%) 28/04/2022Highmead Street is well placed for local amenities including shops, schools, and supermarkets. Manchester city centre is approximately three miles away, with convenient access to the wider motorway network and strong local rental demand.EPC rating D. Leasehold 58 years remaining. Sold as seen.