FOR SALE - Well let prime income producing property investment, in the centre of Wilmslow. 1,175 sq ft.
Wilmslow is an attractive Cheshire town with a resident population of some 25,000, located 12 miles south of Manchester and 3 miles South of Manchester Airport, and is a sought after residential location within the "Cheshire Golden Triangle"
The town has regular train services to Manchester and is on the mainline to Crewe and London.
11 Water Lane is located in the heart of Wilmslow town centre very close to the junction of Water lane, Alderley Road and Grove Street
(pedestrian high street ). Water Lane is a busy thoroughfare in the middle of the town. There are a range of national and local retailers in the immediate surrounds, such as JoJo Maman Bebe, Space NK, Patek Philippe, Rolex, Claire and Illingworth, Sweaty Betty, Barclays, RBS, Pizza Express, Aston Martin and Starbucks.
In recent years a number of new restaurants, bars and cafés have opened close by which has further increased the footfall.
The property comprises a self contained open plan ground floor retail unit with a staircase to the rear of the property that accesses a large open plan full height first floor. The first floor is currently used as storage and offices.
The property has been used as a retail unit for many years but lends itself to a wide range of other uses.
Consideration could be given to extending the property by adding another floor ( subject to planning ).
To the rear of the property there is a shared access yard used for loading and parking.
Ground Floor: 601 sq ft
First Floor: 574 sq ft
Total: 1,175 sq ft
£415,000. A purchase at this level represents a net initial yield of 6%.