2-4 Market Street, Ashton-Under-Lyne Freehold Investment for sale through Oldfield Smith & Co
Oldfield Smith & Co are delighted to have been instructed to market this fully let freehold investment in Ashton-Under-Lyne, Tameside, Greater Manchester.
The property comprises a restaurant/coffee shop on the ground floor with basement and 5 self contained flats above.
The commercial section of the building is let under a lease expiring 15 June 2019 at a passing rent of £22,687.50 with no further reviews. The flats have been let on long leases expiring in 2129 at a total fixed ground rent of £125 pa.
The total rent received is £22,812.50 reflecting a gross yield of 9.125% before costs at the asking price of £250,000.
This is a rare opportunity to acquire a true freehold investment which is fully let. The current owners have created a 999 year lease over the commercial section of the property which is offered with the freehold at nil premium. This has the advantage of making the property suitable for acquisition as part of a SIPP/SSAS pension scheme as the residential sections are effectively held in a separate legal title.
Contact us now for further details on 01825 762222 or click >here< to download the particulars
