12 Bedroom Property for sale in Sandford Street, Radcliffe, Bury, Greater Manchester, M26. INVESTMENT OPPORTUNITY

12 Bedroom Property - £295,000

Sandford Street, Radcliffe, Bury, Greater Manchester, M26. INVESTMENT OPPORTUNITY

Mortgage? Check Your Credit Report

First listed on: 07th February 2019

Nearest stations: Clifton (Manchester) (3 mi)Kearsley (3.1 mi)Farnworth (3.4 mi)Swinton (Manchester) (3.6 mi)Moorside (3.8 mi)

Interested in this property? Call See phone number 01204 381281

Property Features

  • SUPERB INVESTMENT OPPORTUNITY
  • 8/9 RESIDENTIAL DWELLINGS
  • 7/8 STUDIO APARTMNTS WITH EN SUITE
  • 1 X 3 BED PENTHOUSE APARTMENT
  • GOING CONCERN PUB BUSINESS

Property Description

Tenure: Freehold

SUPERB INVESTMENT OPPORTUNITY 8/9 DWELLING AND PUB BUSINESS FOR SALE POTENTIAL FOR FURTHER INCOME

A unique freehold investment opportunity that comprises of 8 / 9 individual dwellings and the going concern of the public house business. The annual approximate income related is circa £50,200 across the rental income and the pub turnover (details below).
Situated in the heart of Radcliffe, Bury, M26. The pub has been long established and has a regular clientele, and some of the tenants of the residential properties have been in place since 2010 / 2011. The area is of consistently popular residential demand and is well served by excellent everyday amenities.

The building is detached, with mixed use, as a portion of the ground floor is used as the public house and the majority of the building is used as residential. To the ground floor there is the traditionally designed and fully fitted pub which is equipped with the bar, fridges, optics, tables and chairs etc with Ladies and Gents wash rooms. There are two residencies on the ground floor; Apartment I is primarily used for storage purposes with a conservatory to the rear, Apartment H has a separate kitchen and en suite shower room. On the first floor there is a large landing with a door off to the emergency external staircase. There are seven apartments on the first floor (Apartments A – G) each with private en suite facilities with WC, WB and shower, on the upper floor there is a three bedroom apartment that extends to circa 930 sq ft with a large open plan kitchen / lounge / diner, lovely bathroom suite and en suite shower room off the master bedroom. There is a cellar accessed internally and externally with two rooms. Externally there is an enclosed yard / garden to the rear.

We have been advised of the following income figures and tenancy periods:
The Public House: We are advised that the annual turnover is approximately £18,500.
Recently draught beer has been introduced and this has helped increase the trade. There is a pool team who plays from the pub for home fixtures, and we understand that there is a regular customer base. The Public House Fixtures and Fittings are included (fridges, tables / chairs, optics etc etc).
The Residencies: We have copies of the tenancies agreements for Apartments A – F and have been provided with the following information regarding income, and are advised that rents are paid direct to the landlord.
Address, Tenancy start date, Weekly Rent and either Housing Benefit or Universal Credit is detailed below:
Apartment A - April 2017 £84 HB
Apartment B - Feb 2017£84 HB
Apartment C - Dec 2018 £84 UC
Apartment D - Jan 2019 £84 UC
Apartment E - Aug 2011 £84 HB
Apartment F - Jun 2018 £53 HB

Apartment G - Jan 2018 £53 HB
Apartment H - Jun 2010 £84 HB

Apartment I and J will be potentially income producing soon when works are complete.

Apartments A – H = £610 per week x 52 weeks = £31,720
Public House turnover = £18,500
Total Income = £50,220

It is thought that should a purchaser not wish to continue with the public house business there may be potential to create additional dwellings. This, of course, would be subject to all the appropriate permissions and regulations.

Viewing is highly reccomeded and can be arranged via an advanced appointment with Cardwells Estate Bury on 01617611215 or via bury@cardwells.co.uk
SUPERB INVESTMENT OPPORTUNITY 8/9 DWELLING AND PUB BUSINESS FOR SALE POTENTIAL FOR FURTHER INCOME

A unique freehold investment opportunity that comprises of 8 / 9 individual dwellings and the going concern of the public house business. The annual approximate income related is circa £50,200 across the rental income and the pub turnover (details below).
Situated in the heart of Radcliffe, Bury, M26. The pub has been long established and has a regular clientele, and some of the tenants of the residential properties have been in place since 2010 / 2011. The area is of consistently popular residential demand and is well served by excellent everyday amenities.

The building is detached, with mixed use, as a portion of the ground floor is used as the public house and the majority of the building is used as residential. To the ground floor there is the traditionally designed and fully fitted pub which is equipped with the bar, fridges, optics, tables and chairs etc with Ladies and Gents wash rooms. There are two residencies on the ground floor; Apartment I is primarily used for storage purposes with a conservatory to the rear, Apartment H has a separate kitchen and en suite shower room. On the first floor there is a large landing with a door off to the emergency external staircase. There are seven apartments on the first floor (Apartments A – G) each with private en suite facilities with WC, WB and shower, on the upper floor there is a three bedroom apartment that extends to circa 930 sq ft with a large open plan kitchen / lounge / diner, lovely bathroom suite and en suite shower room off the master bedroom. There is a cellar accessed internally and externally with two rooms. Externally there is an enclosed yard / garden to the rear.

We have been advised of the following income figures and tenancy periods:
The Public House: We are advised that the annual turnover is approximately £18,500.
Recently draught beer has been introduced and this has helped increase the trade. There is a pool team who plays from the pub for home fixtures, and we understand that there is a regular customer base. The Public House Fixtures and Fittings are included (fridges, tables / chairs, optics etc etc).
The Residencies: We have copies of the tenancies agreements for Apartments A – F and have been provided with the following information regarding income, and are advised that rents are paid direct to the landlord.
Address, Tenancy start date, Weekly Rent and either Housing Benefit or Universal Credit is detailed below:
Apartment A - April 2017 £84 HB
Apartment B - Feb 2017£84 HB
Apartment C - Dec 2018 £84 UC
Apartment D - Jan 2019 £84 UC
Apartment E - Aug 2011 £84 HB
Apartment F - Jun 2018 £53 HB

Apartment G - Jan 2018 £53 HB
Apartment H - Jun 2010 £84 HB

Apartment I and J will be potentially income producing soon when works are complete.

Apartments A – H = £610 per week x 52 weeks = £31,720
Public House turnover = £18,500
Total Income = £50,220

It is thought that should a purchaser not wish to continue with the public house business there may be potential to create additional dwellings. This, of course, would be subject to all the appropriate permissions and regulations.

Viewing is highly reccomeded and can be arranged via an advanced appointment with Cardwells Estate Bury on 01617611215 or via bury@cardwells.co.uk
Read more

Useful Statistics In Your Area

We have collected some useful information to help you learn more about your area and how it may affect it's value. This could be useful for those already living in the area, those considering a move or a purchase of a buy-to-let investment in the area.

Price Trends

Local Statistics

Property Location

Property Street View

Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
08/02/2019 Property listed at £295,000

Schools

Disclaimer

Disclaimer Property reference 1272BL1_9408180. Details are provided and maintained by Cardwells. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

11 Institute Street

Bolton

BL1 1PZ

Telephone: See phone number 01204 381281

Arrange Viewing Arrange Viewing with Agent

Disclaimer

Disclaimer Property reference 1272BL1_9408180. Details are provided and maintained by Cardwells. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

Thinking of selling or renting your property?
Get a instant valuation today!

This property is marketed by

11 Institute Street

Bolton

BL1 1PZ

Telephone: See phone number 01204 381281

Arrange Viewing Arrange Viewing with Agent

Free Instant Valuation

Find out more about the value of your property

Register For Free

Create an account for free today to unlock some great features of Net House Prices.

Contact Agent Check my Credit Report
Show Sidebar
Free House Valuation

More Information Instant House Valuation With your local agents