Join our mailing list to receive the full list of properties we have to offer.
Property Details
Investment Details
Property Description
A rare opportunity has arisen to purchase this block comprising of
commercial premises to the ground floor, and apartment above.
The properties are actually being sold separately by two different owners
however, we have secured both of the properties at the same time.
Currently, the ground floor owns the freehold and the apartment is on a long
leasehold with a peppercorn ground rent. By purchasing both units, you will
be able to set a new lease and terms as you are buying the freehold. Whilst
there are numerous options on how to convert this property, we have secured
a local housing contract of 6 years 11 months with guaranteed rent, no
voids, and maintenance handled.
We suggest retaining the properties on separate titles, creating two, 2-
bedroom, 2-bathroom apartments. This will allow us to obtain a high rent of
£40,808 per annum across the two units.
The end value will also increase significantly, we have reservedly placed a
total end value of £350,000.
Situated just a stones’ throw from Stretford Mall, the borough of Stretford
whilst having always been a popular area of Trafford is seeing huge
investment into the area and prices are soaring. This opportunity not only
promises fantastic rental income, but also incredible estimated capital
growth.
For more information, walk-through videos and designs, contact the
Property Guru team today!
Property Type
Terrace
Bedrooms
4
Bathrooms
4
Tenure
Freehold
EPC Rating
Sourcing Fee
£8,000
Contact Us
+44 (0)330 1336 189
Reservation Process
Interested in purchasing an investment property listed by Property Guru? Once you have viewed and done your due diligence on the property offered and decided you want to proceed with a purchase you will be asked to sign a 'Sourcing Agreement'. This agreement is in place to protect you as a buyer and Property Guru as a company.
You will be asked to pay 50% of the 'Sourcing Fee' (deposit) upon offer acceptance on your chosen property and 50% upon exchange of contracts of the purchase. The 'Deposit' is refunded to you if the seller withdraws from the sale or if there are significant issues found on survey meaning you cannot proceed with the purchase due to it no longer being a viable investment. Full details are listed in the agreement and we are happy to provide a copy upon request before entering into any agreement.
Disclaimer
Property Guru is not a licensed investment advisor or estate agent and is not authorised by the Financial Conduct Authority to provide investment or financial advice.
Property Guru makes no representations and gives no warranties as to the accuracy of the information provided and potential investors should not rely on it but should take independent legal, financial or other professional advice before entering into any agreement.
For full terms and conditions please visit our Terms and Conditions page. Property Guru is a trading name of Simon Ellis Estates Limited (10844210).