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Property Details - Riddings Road, Timperley, Altrincham

4 Bedrooms Terraced - Selling Price £400,000 - Sale Agreed

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Property Summary

A superb freehold investment opportunity forming part of a popular parade of shops in this established residential location with scope to produce a rent of approximately 22,800 per annum representing a yield of 5.5%.

The building is split into three parts, comprising a Retail Unit fronting onto Riddings Road. A self-contained One Bedroom Ground Floor Apartment with access from the rear and to the First Floor is a self-contained Two/Three Bedroom Apartment.

The property is equally suitable for an investor or an owner occupier business either living in or letting one of the apartments.

Planning permission has also been granted to for a loft conversion and Detached Office conversion enhancing the lettable space further.

The Mid Terraced property was fully renovated in 2015 and is presented to a high standard.

The lock up Retail Unit, currently trading as a salon, extends to 314sqft and fronts on to Ridding Road which achieves a rent of 7200 per annum.

Adjacent to the shop front there is a secure Communal Entrance Hall providing access to the Apartments.

The Ground Floor comprises a One Bedroom Apartment with access to the rear Courtyard which currently achieves 6600 per annum.

To the First Floor is a superbly proportioned Two/Three Bedroom Apartment, which achieves a rental figure of 9000 per annum. The Loft Conversion will provide a further Two Bedrooms and a Bathroom, which could generate more income.

Towards to the rear of the premises is a Courtyard leading to the rear Gardens and Garage. There is also access to the Garden from the rear back lane.

PLANNING PERMISSION REFERENCE
OFFICE CONVERSION Ref 97814/FUL/19
LOFT CONVERSION Ref 99417/HHA/19


Comprising:

Retail Shop Unit

Ground Floor Apartment - Apartment 1, 36a Riddings Road

Communal Entrance and Hallway with entry phone system. Private Entrance to Apartment 1.

Living Area with double glazed window to the side elevation. Built in meter cupboard. Intercom entry system.

Open Plan Kitchen is fitted with an extensive range of white base and eye level units with worktops over, inset into which is a stainless steel sink and drainer unit and mixer tap over. Integrated appliances include an oven, four ring hob and extractor fan over. There is space for additional kitchen appliances. Wall mounted Worcester gas central heating boiler. A door provides access to the Courtyard Garden.

Bedroom with double glazed window to the side elevation.

The Bedroom is served by a Bathroom fitted with a modern white suite and chrome fittings, providing a bath with mixer shower over, wash hand basin and WC. Extractor fan. Tiling to the walls. Double glazed uPVC opaque window.

Externally, there is a Courtyard Garden serving Apartment 1 and Communal paved Garden beyond.

First Floor Apartment - Apartment 2, 36a Riddings Road

Communal Entrance and Hallway with entry phone system. Private Entrance to Apartment 2.

Staircase rises to First Floor Landing with doors providing access to the Living and Bedroom accommodation. Skylight window. Loft access point. Picture rail surround.

Lounge with window to the rear elevation. Built in cupboard housing the gas central heating boiler.

Kitchen is fitted with a range of base and eye level units with worktops over inset into which is a stainless steel one and half bowl sink and drainer unit with mixer tap over and tiles splash back. Integrated appliances include an oven, four ring hob and stainless steel splash back. Space for additional kitchen appliances.

Bedroom is a superb size with window to the front elevation.

Bedroom Two is a double room with window to the side elevation.

Bedroom Three is a double room with window to the front elevation.

The Bedrooms are served by a Bathroom fitted with a modern white suite and chrome fittings providing a bath with shower. Opaque window to the side elevation. Part tiled walls.

Separate WC with modern suite and opaque window to the side elevation. Part tiled walls.

Communal paved Garden.

Energy Report

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The property details listed on this Web Site are subject to almost constant change and update. For the very latest information on the property seen on this site, please contact us immediately regarding the property you are interested in.

For clarification, we wish to inform prospective purchasers that we have listed the details of these properties as a general guide. We have not carried out a detailed survey nor tested the services, appliances or specific fittings. Room sizes should not be relied upon for carpets and furnishings.