Summary - MIDLAND BANK CHAMBERS, 22-24, STATION ROAD M41 9JN
1 bed 1 bath Commercial Property
**Standout Features:**
- Prominent corner retail unit in Urmston town centre
- Total area of approximately 2,706 sq.ft. (including basement)
- Currently generating income of £24,620 per annum
- Established hair salon tenant with over 20 years in the location
- Freehold tenure with a long lease on the commercial space
- Ground rent charge of £620 per annum for 992 years
**Potential Concerns:**
- Six years remaining on the tenant's lease may complicate financing options
- Maintenance considerations for basement and overall condition not specified
This exceptional commercial property on Station Road offers a unique investment opportunity with its prominent corner position, high visibility, and substantial space totaling 2,706 sq.ft. Currently occupied by a long-standing hair salon, the unit generates an attractive income of £24,620 p.a. while also benefitting from a low ground rent of £620. With flexible usage possibilities—be it retail, office, or dining—this property caters to a diverse range of business interests amid a vibrant urban environment rich with amenities.
Given the ongoing success of the current tenant and the location’s foot traffic potential, investors and entrepreneurs alike will find this an appealing proposition. However, prospective buyers should note the six-year lease term, which may limit financing options through mortgage lenders. Don't miss this chance to secure a strategically-located commercial property in a desirable area; opportunities like this are rare and in high demand!
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