Sovereign is delighted to bring to market this excellent multi-income freehold premises currently producing an annual rental income of £58,000.00.
The ground floor and basement area are trading successfully as a Thai Cuisine Restaurant called 2Nakhon which is situated in the heart of affluent Didsbury village in Greater Manchester. The rental income for this trading area of the property is £39,000 per annum and a new 5-year lease has recently been granted to the business as of February 2022.
The premises include separate self-contained 4 four-bedroom living accommodations generating a healthy £19,000 rental income per annum. The property could be split to sell the ground floor and the basement and then the first floor separately.
It is now only being offered for sale due to the landlord looking to pursue other business interests. At the current sale price, this property in its highly sought-after location returns a 6.1% yield. The property was purchased by our clients in 2018 and has been renovated by them to an exceptionally high standard throughout.
Located on the thriving and cosmopolitan Wilmslow Road in Didsbury village, the premises is surrounded by a number of businesses including independent eateries and bars as well as larger retail chains. This location also has excellent transport links to the city centre and beyond.
The rateable value is currently £19,500 per annum however, we are advised by our clients the rates payable are £480 per calendar month. The rental income and property would make this a good investment for an entrepreneur to build up or add to an existing property portfolio.
On the market for a highly competitive £915,000. This is an excellent opportunity to own a Freehold Investment Property with separate self-contained living accommodation in a highly sought after cosmopolitan location. Therefore, viewing is highly recommended to appreciate the quality of this currently tenanted premises property with 4 Bedroom Living Accommodation.
• Prime High Footfall Position
• Affluent Suburb Location
• Surrounded By Other businesses
• 4 Bed Living Accommodation
• Excellent Transport Links
