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44, Bury Old Road, Whitefield, Greater Manchester, M45 6TL
£300,000 Offers in excess of
Bathrooms
**Commercial development for Sale in the ever popular area of Whitefield in Manchester. ***
** A Rare opportunity to purchase this 3 storey investment property.** **Prime development**
Consisting of self contained Commercial premises with customer parking . Potential for a two bedroom apartment on the first floor. The site offers significant scope for a commercial and/or residential conversion, subject to obtaining the necessary planning consent. Full Renovation is required throughtout.
This three storey property is in prime location on Bury Old Road, just off the M60 ring road and surrounded by a variety of both commercial and residential properties. The property sits in Whitefield, opposite the popular Slattery Pattisier and within easy reach of Prestwich, Bury and Manchester city centre is also less than five miles from the property. The local area comprises all necessary amenities and services including shopping facilities, several bars and eateries and plenty of outdoor spaces. In terms of transport links, there are good road connections surrounding the area, with the M60 easily accessible. There are good public transport services in the area including a regular bus network and Metrolink services operating within half a mile.
The property would be a very desirable location for an office and/or residential building.
Description
A potential development or investment opportunity comprising a brick built end of terrace office building extending to approximately 204 Sq metres ( 2195 sq ft ). Internally the accommodation is arranged over three floors (including basement). The ground floor and basement are offices at the moment . With potential plans to convert the first flooor into a two bedroomed apartment, subject to any planning / building consents or alternatively for the entire building to be an office block. Ample parking is at the rear and side of the building with good potential to further develop on the land.
Details..
Ground Floor / Basement: Front commercial area/shop with a back office and utilties, with access to the three rooms in the cellar and large parking area.
First floor : Potential for a two bedroomed apartment and/or commercial space
Total area Ground floor / basement - 136 square metres - 1465 sq ft
Total area First floor - 68 Square metres - 742 sq ft
Call our office promptly to arrange a viewing as this will not stay on the market for long !
*Disclaimer
This brochure and property details are a representation of the property offered for sale or rent, as a guide only. Brochure content must not be relied upon as fact and does not form any part of a contract. Measurements are approximate. No fixtures or fittings, heating system or appliances have been tested, nor are they warranted by Philip Ellis Estate and lettings or any staff member in any way as being functional or regulation compliant. Philip Ellis Estate And Lettings do not accept any liability for any loss that may be caused directly or indirectly by the brochure content, all interested parties must rely on their own, their surveyors or solicitors findings. We advise all interested parties to check with the local planning office for details of any application or decisions that may be consequential to your decision to purchase or rent any property. Any floor plans provided should be used for illustrative purposes only and should be used as such by any interested party.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
44, Bury Old Road, Whitefield, Greater Manchester, M45 6TL
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