For Sale: 1,012 Sq.ft Mixed commercial and residential investment
Summary
- Mixed commercial & residential investment
- Commercial retail unit plus 2 x resi flats
- GF barbers: 231 Sq.ft & 200 Sq.ft basement
- 76a FF Flat 494 Sq.ft/76b GF Flat: 287 Sq.ft
- Historic total rental income circa £18,480.
- Low RV: £2,450 - 100% SBRR - Nil rates
- 76a & 76b Council Tax Band A: £1,103.46
- Sale price £200,000 - 9.2% estimated yield
Location
The property is located fronting Ashton Road in Hyde close to the junction of Bennett Street and Talbot Road. The property is a short walk to Flowery Field train station and a 7 minute drive to the M67 Motorway.
- Ashton: 2.2 miles.
- M67: 3.5 miles.
Get directions from Google Maps
Mainline Stations
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Flowery Field5 mins
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Hyde North8 mins
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Newton For Hyde12 mins
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Hyde Central17 mins
Underground Station
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Chesham2629 mins
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Amersham2668 mins
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Chalfont and Latimer2692 mins
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Chorleywood2725 mins
Further Information
Price £200,000 Subject to Contract
Rates Payable £1.21 per sq ft
Description
The property provides a two storey mixed use commercial and residential premises of traditional construction with brickwork elevations under a pitched slate roof. The commercial premises benefits from main shop front access with toilet facilities in the basement. The residential flats are accessed via separate private entrance doors at the side of the building.
76 Ashton Road: 230 Sq.ft.
Main sales: 219 Sq.ft - 13’6’’ x 16’2’’.
Rear foyer: 11 Sq.ft - 2’7’’ x 4’9’’.
Basement: 200 Sq.ft - 15’0’’ x 13’3’’.
76a Ashton Road: 495 Sq.ft:-
Kitchen/diner: 209 Sq.ft - 13’9’’ x 15’1’’.
Bedroom: 120 Sq.ft - 10’0’’ x 13’2’’.
Bathroom: 56 Sq.ft - 7’7’’ x 7’ 4’’.
Corridors: 110 Sq.ft overall.
76b Ashton Road: 287 Sq.ft:-
Living room: 124 Sq.ft - 9’0’’ x 13’7’’.
Kitchen: 57 Sq.ft - 7’10’’ x 7’7’’.
Bedroom: 75 Sq.ft - 5’0’’ x 12’1’’ plus 3’7’’ x 3’9’’.
Bathroom: 31 Sq.ft - 3’10’’ x 8’1’’.
The property benefits from a gas boiler.
RV/Council Tax
Rateable value: £2,450.
Small Business Rates Multiplier 2024/25: 49.9p.
Flat 76a Council Tax Band A: £1,103.46.
Flat 76b Council Tax Band A: £1,103.46.
Interested parties contact SMBC - 0161 474 5188.
Tenure
We understand that the property is Freehold.
Title Number: TBC.
Price
£200,000 SUBJECT TO CONTRACT.
VAT
All figures are quoted exclusive of Value Added Taxation. We understand that VAT is not payable at the property.
Conditions
Subject to Contract.
Lease/AST
76 Ashton Road: Let to a barber for a term of six (6) years from 5th April 2022 and subject to a passing rent of £4,080 per annum exclusive (£340 per calendar month).
76a Ashton Road: Vacant - Historic Rent: £600pcm.
76b Ashton Road: Vacant - Historic Rent: £500pcm.
Advertising hoarding: Let for £80/month - £960pax.
Total projected income: £18,240 per annum exclusive.
Utilities
Mains services are available including gas, electricity, water and drainage.
EPC Rating
76 Ashton Road: EPC to be provided.
76a Ashton Road: D / 76b Ashton Road: C.
Legal Costs
Each party to be responsible for the payment of their own legal costs associated with the sale.
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