38 Chorley Road, Swinton, Manchester, Greater Manchester, M27 5AF
For Sale
- Retail
- 1,353 Sq Ft
- £210,000
Fully income producing mixed use investment property
Under Offer
Key Features
- Attractive 8.37% NIY
- Established shop tenant
- Excellent transport links nearby
- Well appointed and generous one bedroom flat
- Potential for rental growth
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.
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.
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.
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 £210,000. A purchase at this level would reflect an attractive net initial yield (NIY) of 8.37% after allowing purchasers costs of 2.37%, 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)
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.
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