Sold
£440,000

100 School Lane

Sale, M33 7XB

Investment

1,689 Sq Ft

Features

  • Net initial yield of c7.5%
  • Strong tenant performance has led the tenant to commit to a new 10 year FRI lease

Prominent town centre freehold






The property provides accommodation over the ground and two upper floors. The ground floor comprises attractive open plan retail accommodation fitted out to a high standard to Thornley Groves corporate style, with a full height glazed frontage with recessed doorway, display walls, tiled floor and a suspended ceiling incorporating recessed feature lighting and air conditioning units. An attractive glazed office pod has been created at the rear of the retail space with a WC and kitchen located to the rear.

A staircase provides access to the first floor with two air conditioned offices at the front of the property with smaller store rooms, a WC and secure stair access to the second floor apartment off a central corridor. There is a large external flat roof/balcony accessible off the first floor corridor.

The apartment at second floor provides one ensuite bedroom with additional kitchen/living space. The apartment benefits from a balcony overlooking School Road. Heating is provided by way of a separately metered domestic boiler. The configuration of the building enables the ground floor retail accommodation to be secured whilst still providing 24 hour access, via the rear service door, to the staircase leading to the upper floor offices and apartment.

Dedicated parking is provided for 4-6 vehicles within a yard to the rear of the property, accessed off Wynnstay Road. The property also benefits from a further single parking space to the rear of the demise.

Availability

Name Sq Ft Availability
Building 1,689 Availabile
Total 1,689

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