Monton Road, Eccles, Manchester
£650,000

195-197 Monton Road is a double commercial unit set on a busy road in a great location. Both units are currently let out and details of the rental income are below.

195 Monton Road - let at £18,000 per annum EPC C 197 Monton Road - let at £15,000 per annum EPC B Overall total of both units: 1915 sqft

Currently, 195 is paying £18,000, with their lease expiring in 2.5 years. A new lease, based solely on current condition, would likely command a commercial rent of around £33,000 per annum. By the time the current lease concludes in 2.5 years, rental prices are anticipated to increase even further. Alternatively, once the lease expires in 2.5 years, the owner could opt to occupy both the ground floor of 195 and the entire upper level. The ground floor of 197 is now let for £15,000 per year. The current owner is only willing to sell if they receive an offer close to their desired price; otherwise, in 2.5 years, they intend to construct a single rear access point to the upper sections of both 195 and 197, converting them into two highly desirable flats in Monton, which could generate approximately £22,000. Furthermore, the ground floor of 195 would likely be leased at today’s rates for around £20,000, while 197 will still be rented to Village Nails for £15,000, with nine years remaining on the lease and a rent review set for 2029. In summary, in 2.5 years, the anticipated rental income could be £22,000 from the flats, £20,000 from the ground floor of 195, and £15,000 from 197, bringing the total to a potential £57,000. Currently, the combined rental income is £33,000 (£18,000 + £15,000). If the present layout is maintained, the expected rent in 2.5 years would be £33,000 from 195 and £15,000 from 197.