Retail Shop in Cheetham Hill M8 For Sale

£1,800,000

Property Address: 128, 128a, 128b & 128c Broughton Street, Cheetham Hill, Manchester, M8 8AN View on map

Property Details

• Type: Commercial / Retail Shop / Showroom
• Bedrooms: 0
• Bathrooms: 0
• Listing Type: For Sale

Description

Centrally located on the hugely popular Broughton Street.
High quality floorspace.
Good mix of tenant use in long- and well-established wholesale district.
Current rent roll £121,000/annum.
Very rare purchase opportunity.
Attractive Net Initial Yield circa 7.66% and area capital growth potential.

Description
The property comprises a recently constructed small terrace of two storey wholesale showroom units of brick construction, concrete floors and pitched slate roof, with each unit having a glazed display frontage to Broughton Street with flush customer entrance door.

Each unit has accommodation at ground and first floor level and has been fully fitted out by the individual tenants to their own requirements. Two of the tenants’ trade as clothing wholesalers, one as an aesthetics consultant and the other a fragrance wholesaler.

Location
The property is located in the heart of the Cheetham Hill
wholesale district. It is centrally positioned and fronts directly onto the well-established and hugely popular Broughton Street close to its junction with Waterloo Road
which links with the A56 Bury New Road closeby.

Broughton Street lies on the northern fringe of Manchester
city centre and the property enjoys a very good position on
the Street. Broughton Street runs between Waterloo Road
and the main A665 Cheetham Hill Road which links directly into Manchester city centre towards Victoria Station, which is less than 1 mile distance.

Floor Size
Each of the four units extend to 2,000 sq ft with the accommodation arranged over ground and first floor levels.