38 Chorley Road, Swinton, Manchester, Greater Manchester, M27 5AF

Key Features

Attractive 8% NIY
Established shop tenant
Excellent transport links nearby
Well appointed and generous one bedroom flat
Potential for rental growth
Newly re-covered flat roof to rear

Property Description

The property is a substantial two-storey mid terraced property plus basement and loft conversion, with brick elevations beneath a pitched tiled roof to the main building. The property comprises a well appointed ground floor and basement tailors shop t/a 'Alterations Specialist', with retail area to the front, sewing/alterations room to the middle, and kitchen plus W/C facility to the rear. There is also useful storage space both in the basement and to the attached outrigger accessed externally to the rear, where the flat roof has been newly re-covered.

The uppers floors provide generously proportioned residential accommodation, accessed via external staircase from the rear yard. The accommodation is set out over two floors and provides entrance hall, lounge, dining / kitchen, bathroom to the first floor, with a spiral staircase leading from the lounge to the attic room where the bedroom is located.

Externally there is a useful private car park to the rear with space for 3 vehicles.

Tenure

The property is held Freehold

Tenancy

The ground floor and basement are let to an independent tailor t/a 'Alterations Specialist' by way of a 6 year effective FRI lease from 1st December 2022 at an passing rent of £9,000pa, subject to 3 yearly upward only rent reviews and no break options.

The upper floor 1 bedroom flat is let by way of a 6 month AST agreement from 18th November 2025 at £750pcm (£9,000pa), providing a combined rental income of £18,000pa presently.

Sale

We are instructed to invite offers in excess of £220,000. A purchase at this level would reflect an attractive net initial yield (NIY) of 8% after allowing purchasers costs of 2.44%, and on the basis of a TOGC.

VAT

The property is not elected for VAT and so no VAT is attributable to the sale.

EPC

Shop = C(62)
Flat = D(66)

Accommodation

Name/Floor	Sq Ft	Sq M	Availability
Ground Retail Unit	540	50.17	Let
basement Storage for Retail Unit	174	16.17	Let
1st Separate Flat - kitchen/diner, lounge, bathroom and hallway	509	47.29	Let
2nd Flat - Bedroom	130	12.08	Let
Total	1,353	125.70

Location

The property is positioned towards the centre of a retail parade along Chorley Road (A6) in Swinton and is situated around 3 miles from Salford and 4.5 miles from Manchester City Centre to the South East. The popular residential locations of Swinton, Pendlebury and Worsley are all within easy reach.

The immediate area benefits from predominantly local and regional operators, including Deurali Restaurant & Takeaway, Check Security Systems, Pamper & Polish nail and beauty salon and Hair by Charlotte, while it is also across from Texaco filling station.