Dale Street, Milnrow, Rochdale

Description

NO CHAIN / TENANTS IN SITU / TWO GROUND FLOOR SHOPS / ONE GROUND FLOOR STUDIO APARTMENT / FIRST & SECOND FLOOR APARTMENTS / DUPLEX APARTMENT / FULLY DEVELOPED BUILDING / WORKSHOPS & GARAGES / SECURE PARKING / PRIVATE GARDEN / INVESTMENT OPPORTUNITY ***

We are delighted to offer for sale this fully converted high street fronted stone property situated in a popular residential location offering good access to local amenities including shops, schools and public transport links including M62 Motorway Connection & Manchester Metro Link Service.

The property benefits from double glazing and gas central heating with the accommodation comprising briefly of two ground floor shops which have the potential to be converted into two more apartments if needed, rear ground floor studio apartment, first & second floor apartments, duplex apartment, conservatory / office, garages & workshops, ample secure parking and secret garden to the rear.

Excellent opportunity to start or build upon an existing property portfolio, we suggest early viewings to avoid disappointment.

40 (Shop) 13' 11'' x 11' 0'' (4.25m x 3.36m)
Ground floor high street fronted shop with tenants in situ. Consisting of front facing window and entrance door, WC with wash hand basin, neutral decor and wood effect laminate flooring (dimensions are for the main room in the shop).

40 (Ground Floor Apartment) 25' 4'' x 14' 11'' (7.73m x 4.54m)
Ground floor studio apartment with a tenant in situ. The apartment consists of an entrance which is direct to the breakfast kitchen where there is a selection of wall and base units, complimentary work surfaces, sink and drainer, plumbing for automatic washing machine, breakfast bar and dining area. Double bedroom with neutral decor and wood effect laminate flooring and shower room with a three piece suite in white comprising WC, vanity hand basin and walk in shower.

40 (Duplex Apartment)
Duplex Apartment with tenants in situ, set over two floors this two (formally three) bed apartment consists of two double bedrooms, study area and shower room on the first floor then on the second floor an open plan lounge / kitchen / diner and shower room. The second floor is packed with attractive features including exposed brick work, functioning open fire place, wood flooring, ceiling spot lights and velux windows.

40a (Shop) 20' 11'' x 14' 2'' (6.38m x 4.33m)
Ground floor high street fronted shop with tenants in situ, comprising two large rooms which have neutral decor, tiled & wood effect laminate flooring and storage heaters, kitchenette with sink & drainer, storage cupboard and splash back tiling and WC with a two piece suite in white comprising WC, vanity hand basin, part tiled walls and expel air (dimensions listed are for the main shop, second room measures 3.29m x 3.30m).

40a (First Floor Apartment) 19' 2'' x 14' 10'' (5.84m x 4.51m)
First floor apartment with tenants in situ, intercom access, electric heating, neutral decor and wood effect laminate flooring (dimensions listed are for the Lounge). Lounge has a front facing double glazed windows and wall lights. Bedroom (3.37m x 2.83m) rear facing double glazed window, double room, wall lights. Shower Room (1.41m x 1.39m) expel air, three piece suite in white comprising WC, vanity hand basin & walk in shower, tiled walls and flooring.

40a (Second Floor Apartment) 30' 1'' x 15' 3'' (9.18m x 4.65m)
Stunning one bedroom loft apartment with exposed beams and brickwork, alarm & intercom access, boiler and meters plus gallery bedroom and balcony (dimensions listed are for the Lounge / Kitchen / Diner). Lounge/kitchen/diner has front and rear facing windows plus velux windows, wood flooring, two radiators, vaulted ceiling, functioning open fire. Shower room (3.02m x 1.62m) rear facing window, three piece suite in white comprising WC, vanity hand basin and walk in shower with tiled walls and flooring. Walk in wardrobe (3.15m x 0.88m) has a front facing window and wood effect laminate flooring. Stairs from the lounge lead up to the balcony and bedroom area.

Conservatory / Office 10' 9'' x 14' 10'' (3.27m x 4.51m)
The Conservatory / Office is located on the ground floor and has rear facing windows, lights and power, wood effect laminate flooring, exposed stone work and radiator.

Workshops
Workshop One (6.13m x 4.04m) Two sets of side facing double glazed French doors giving access to the secret garden, rear facing double glazed door, neutral decor, power and lights.

Workshop Two (3.69m x 5.90m) Two rear facing double glazed windows neutral decor and shutters.

Workshop Three (5.02m x 5.92m) Front & side facing windows, lights & power, WC.

There is also two large storage containers attached to the side of Workshop 1, accessed via double doors.

These workshops could easily be rented due to their size and spec.

Garden & Parking
Private parking can be accessed to the rear via roller shutters leading to a large block paved driveway.

The secret garden is located to the rear of the workshops and has fenced boundaries, private aspect, planting beds to boarders, artificial lawn, decked seating area and BBQ.

RENTAL INCOME
Full Occupancy Rental Return

40
Shop - £450.00
Studio - £500.00
Duplex Apt - £900.00

Monthly - £1,850.00
Annual - £22,200.00

Yield - 8.88%
Property Value - £250,000

40A
Shop - £650.00
Apt 1 - £550.00
Apt 2 - £600.00

Monthly - £1,800.00
Annual - £21,600.00

Yield - 8.30%
Property Value - £260,000

Units
1 - £100.00
2 - £100.00
3 - £100.00

Monthly - £300.00
Annual - £3,600.00

Yield 9.0%
Property Value - £40,000

Total
Monthly - £3,950.00
Annual - £47,400
Yield - 8.61%
Property Value - £550,000

* No Chain
* Tenants in Situ
* Two Ground Floor Shops
* Ground Floor Studio Apartment
* Duplex Apartment
* First & Second Floor Apartments
* Fully Developed Building
* Workshops & Garages
* Secure Parking
* Investment Opportunity (8.6% Yield)