97 & 97a Reddish Lane, Denton, Manchester, M34 2NF

Description
The property provides an end of terrace mixed commercial and residential premises of traditional construction with brickwork elevations under a pitched slate roof. The ground floor provides a commercial barbers and the first and second floors provides a separately accessed duplex one bedroom residential flat.

97 Reddish Lane: 560 Sq.ft comprising:-
Main sales: 502 Sq.ft - 35’4’’ x 15’5’’ less stairs.
Rear store: 12 Sq.ft - 14’10’’ x 11’5’’.
Kitchen: 30 Sq.ft - 5’9’’ x 5’1’’.
Foyer: 16 Sq.ft - 5’11’’ x 2’9’’.
Toilet facilities.

97a Reddish Lane: 617 Sq.ft comprising:-
Living room: 182 Sq.ft - 15’2’’ x 12’0’’.
Kitchen: 114 Sq.ft - 11’11’’ x 9’6’’.
Toilet: 25 Sq.ft - 5’8’’ x 4’4’’.
Second floor Bedroom: 240 Sq.ft overall including en-suite bathroom.
Corridors: 56 Sq.ft overall.

Location
The property is located at the corner of Reddish Lane and Laburnum Road in Gorton close to Hyde Road and the M60 motorway.

- Stockport: 4 miles.
- Manchester: 4 miles.
- M60: 1.5 miles.

Availability_text
The accommodation comprises the following areas:

RV/Council Tax
Rateable value: £5,300.
Council Tax: Band A: £1,460.23 payable.
Small Business Rates Multiplier 2023/24: 49.9p.
Interested parties are advised to make their own enquiries with TMBC - .

Tenure
We understand that the property is Freehold.
Title Number: TBC.

Price
£225,000 SUBJECT TO CONTRACT.
Representing an 8.3% yield before costs.

VAT
All figures are quoted exclusive of Value Added Taxation. We understand that VAT is not payable on the sale.

Conditions
Subject to Contract.

Lease/AST
The property benefits from the following commercial Lease and residential AST agreements:

97 Reddish Lane: Let for a term of 5 years from March 2024 subject to a passing rent of £9,600 pax.

97a Reddish Lane: Let on an assured shorthold tenancy agreement for a term of 12 months from October 2023 subject to a passing rent of £750 pcm/£9,000 pax.

Utilities
Mains services are available including gas, electricity, water and drainage.

Planning
We understand the property benefits from E/C3 use. Buyers to make their own enquiries.

Legal Costs
Each party to be responsible for the payment of their own legal costs associated with the sale.