Retail in M7

Leicester Road, Salford, Greater Manchester, M7 4AR

Brochure

Tenure: Freehold

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Starting bid£260,000

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Property features

Well connected location
Excellent growth potential
Three office suites
Partially tenanted, scope to increase rental returns

Retail in M7

For sale via auction - fees, terms and conditions apply.

Partially Tenanted Commercial Investment

An excellent opportunity to acquire a partially let, commercial property offering immediate rental income and a strong, consistent return. This hands-off investment is ideal for buyers looking to secure a low-maintenance asset in a desirable and well-connected location.

The property comprises a generously sized ground floor retail unit, currently occupied by a tenant, along with three office suites on the first floor-two located at the front and one at the rear. When all units are fully tenanted, the property provides a stable monthly rental income of £1,762.80, which equates to approximately £21,153.60 annually providing a strong, consistent yield. Currently the rent for ground floor is £850 monthly and for 1st floor rear is £290, two offices on the first floor are vacant giving scope to increase rental returns.

Location, Location, Location:
Strategically positioned on a main road in a vibrant residential area, the property enjoys excellent visibility and continuous foot traffic throughout the day. With loads of people passing by-residents, commuters, and shoppers alike-this bustling setting ensures strong tenant demand and long-term occupancy.

Unmatched Convenience:
The property is ideally located within walking distance of local shops, amenities, and transport links, making it easily accessible for both tenants and their customers or clients. Its proximity to bus routes and key road networks adds to its attractiveness as a commercial hub.

The building offers a practical and well-utilised layout that suits a range of commercial uses. Its location and layout ensure continued interest from a variety of businesses and professionals enhancing both its appeal to tenants and long-term investment value. The property has previously been classified with residential use, giving the opportunity to convert back subject to the necessary permissions.

A great opportunity to purchase an income-generating property in a prime, high-footfall location with excellent growth potential.

Enquire today for further details or to arrange a viewing.

Please note we have not inspected this property.

Location

Strategically positioned on a main road in a vibrant residential area, the property enjoys excellent visibility and continuous foot traffic throughout the day. With loads of people passing by-residents, commuters, and shoppers alike-this bustling setting ensures strong tenant demand and long-term occupancy.

Accommodation

The property comprises a generously sized ground floor retail unit, currently occupied by a tenant, along with three office suites on the first floor-two located at the front and one at the rear. When all units are fully tenanted, the property provides a stable monthly rental income of £1,762.80, which equates to approximately £21,153.60 annually providing a strong, consistent yield. Currently the rent for ground floor is £850 monthly and for 1st floor rear is £290, two offices on the first floor are vacant giving scope to increase rental returns.

Tenure

GM838774 - Freehold

EPC

Rating D

Additional information

For further information please contact 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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