Manchester Commercial – £66,500 Rental Income
Freehold Commercial Property in Manchester For Sale
Price – £650,000
Key Investment Facts
- High street location
- £66,500 rental income per annum
- Up to £4,120 NET positive cash flow per month
- Up to 30.4% NET ROI per annum
- No maintenance charges to pay
- 7 years remaining on main lease
The main tenant, The Northern Crafthouse have committed to a 7 year lease at £50,000 p/a. They are on an FRI lease which means NO maintenance charges.
Above the crafthouse, there are offices let to limited company at £15,500 on a 3 year lease backed by a larger guarantor.
We estimate a NET return on investment of up to 30% based on a 25% deposit. Based on this working you will also receive monthly cash flow of over £4,119 after a mortgage deduction.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.