193-195A Elliott Street, Tyldesley, Manchester | Property for sale | Savills
Guide price £80,000(39,368 OMR)

193-195A Elliott StreetTyldesley, Manchester

  • New
  • Sole agency
  • Freehold
Investment
Yield 15%Yield

Key features

  • High Yielding Mixed Use Investment Opportunity
  • Two Retail units and Upper Parts
  • Fully Let - Producing £12,000 per annum
  • Asset Management Potential
  • One Tenant Holding Over Since 2007 (in occupation from 1998)
  • Prominent Corner Pitch
  • Guide Price Reflects 15% Gross Yield

High Yielding Mixed Use Investment Occupying a Corner Pitch Two Ground Floor Retail Units with Associated Upper Parts. Fully Let - Producing £12,000 per annum

About this property

  • The property comprises a high yielding mixed use investment occupying a prominent corner pitch. Arranged across basement, ground and first floors, the property is currently fully let to two tenants, producing £12,000 per annum. The property offers evident asset management potential with the lease of the ground and first floors for 195A having expired in 2007. The tenant has since been holding over and therefore there may be opportunity to renew the lease or indeed to negotiate a surrender of the upper parts. The property occupies a prominent corner pitch on the principal retail pitch of Tyldesley, a popular commuter suburb of Manchester. The street has an extremely low vacancy rate with nearby occupiers including William Hill, Heron Foods and a number of local occupiers.