Income Producing Development Opportunity
1 Dartford Road | Urmston | Manchester | M41 9EF
subject to contract
Located in an attractive Manchester suburb
Commercial premises & large residential apartment
Opportunity to redevelop, subject to planning
Large undeveloped area to the rear
£300,000, subject to contract
Urmston is an attractive suburb of Manchester, located in the Borough of Trafford approximately 10 km (6 miles) south-west of Manchester City Centre.
Urmston is a commuter hotspot; Junctions 9 and 10 of the M60 Motorway are approximately 2.4 km (1.5 miles) to the north-east and connect Urmston to the rest of Greater Manchester and the motorway network. The M60/M62 Interchange is approximately 3 miles to the north. Urmston train station offers regular direct services to Manchester Oxford Road within 12 minutes. Manchester International Airport is approximately 16 km (10 miles) to the south-east and Liverpool John Lennon Airport 48 km (30 miles) to the south-west.
The intu Trafford Centre, one of the best-known and most iconic retail and leisure destinations in the UK, is approximately 3.2 km (2 miles) to the north-east. Urmston has a number of first class local schools, including Flixton Primary School and the much sought after Urmston Grammar School.
The subject property occupies a prominent corner position at the junction of Dartford Road and Church Road, approximately 0.8 km (0.5 miles) from Urmston train station and town centre. The property is in a densely populated, well-established residential area.
The property comprises a period detached brick building occupying a corner plot, at the junction of Dartford Road and Church Road. The building is currently configured as a newsagent’s shop on the ground floor, with a 3-bedroom maisonette on the first and second floors benefitting from self-contained access from the rear of the property.
The property also benefits from a substantial garden to the rear.
As shown on the aerial photographs, the property benefits from a substantial rear area. With the current site cover of approximately 50%, we suggest that the property offers potential for extension and development on the rear site, subject to appropriate consents.
We also suggest that there is potential to reconfigure and redevelop the existing property. We recommend purchasers make their own enquiries in regard to planning requirements.
The property has been measured by BKR Floor Plans and provides the following areas:
|Shop - Net Internal Area||45.99 sq m||495 sq ft|
|Ground Floor - Gross Internal Area||61.69 sq m||664 sq ft|
|First Floor - Gross Internal Area||57.32 sq m||617 sq ft|
|Second Floor - Gross Internal Area||22.48 sq m||242 sq ft|
|Total Residential (GIA)||79.80 sq m||859 sq ft|
|TOTAL (GIA)||141.49 sq m||1,523 sq ft|
|Plot Size||285.20 sq m||3,070 sq ft|
The measured survey report is available to download and will be re-addressed to a purchaser at a cost of £275 + VAT.
According to the Valuation Office website the rateable value for the property is as follows:
|1 Dartford Road||Shop & Premises||£5,000|
The business rate multiplier is 49.1 pence per pound.
The property is not listed and is not within a Conservation Area.
The property is entirely let to Yusuf Bobat (t/a Dartford News) on a full repairing and insuring lease for a term of 5 years from 29th September 2018, expiring on 28th September 2023. The current passing rent is £14,000 per annum.
The ground floor benefits from A1 use and the permitted use of the upper floors is residential accommodation on an Assured Shorthold basis.
The tenant has advised that they have sub-let the residential maisonette on the first and second floors at a rent of £500 per month.
The property has not been registered for VAT and therefore VAT is not applicable on the purchase price.
We are instructed to seek a figure of £300,000 (Three Hundred Thousand Pounds), subject to contract, for the freehold interest.
Please note that a purchaser will be re-charged the costs of searches and measured survey which are provided in the data room.
Please note a purchaser will be charged a Transaction Fee of £5,000 + VAT.
An opportunity to acquire an income producing development opportunity;
The property occupies a prominent position in an attractive, densely populated residential suburb of Manchester;
Many people are opting to shop more locally as a result of COVID-19, hence an increase in demand from local occupiers;
The property has a low site cover;
An attractive lot size to an investor;
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