Property for sale

TO BE SOLD BY ONLINE AUCTION ON 25TH – 26TH MARCH UNLESS SOLD PRIOR UNDER AUCTION TERMS.

67 Long Street, Manchester, M24 6UN

Not inspected by Edward Mellor. A substantial mixed-use opportunity located on a busy and well-established Street in Middleton, offering excellent potential for both investors and developers. It is understood to be arranged over three floors, with a commercial unit on the ground floor with potential to create or enhance separate residential accommodation to the upper floors, subject to the necessary consents.

The property is reported to be tenanted and producing £1,140 per calendar month (£13,680 per annum), providing an immediate income stream. (Awaiting lease details) Based on the guide price, this equates to a potential gross yield in excess of 11%, making it an attractive investment opportunity.

Long Street is a popular and established commercial location within Middleton, benefiting from a range of local amenities, shops and transport links, with convenient access to Manchester city centre and the M60 motorway network. The area continues to see strong demand from both commercial occupiers and residential tenants.

This represents an excellent opportunity to acquire a property with strong income and further potential to enhance returns, whether through reconfiguration, rental growth or creating additional residential units (subject to planning).