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2 Cross Ln - Trivelles Cross Lane 186 - 232 sq ft Retail Units Offered at £59,950 - £69,950 Per Unit in Salford M5 4AE
INVESTMENT HIGHLIGHTS
- Ideally Located - Close To City Centre
- Good Public Transport Links
- Located Within Popular Hotel
EXECUTIVE SUMMARY
Unit 204 Imperial Studio is a leasehold, ground floor property in this bustling and popular area of Salford. The property is located within the ground floor of Trivelles Hotel. The property is now offered for sale due to our client’s other business commitments overseas.
PROPERTY FACTS
| Total Property Size | 9,383 sq ft | Typical Floor Size | 4,671 sq ft |
| Property Type | Hospitality | Year Built | 1900 |
| Property Subtype | Hotel | Total Plot Size | 0.13 ac |
| Costar Property Class | C | Parking Allocation | 1.07/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 9,383 sq ft |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 4,671 sq ft |
| Year Built | 1900 |
| Total Plot Size | 0.13 ac |
| Parking Allocation | 1.07/1,000 sq ft |
AMENITIES
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | sq ft |
|---|---|---|---|
| Guest Room | 23 | £37.00 | - |
2 UNITS AVAILABLE
Unit 204
| Unit Size | 232 sq ft | Sale Type | Investment |
| Price | £69,950 | Tenure | Long Leasehold |
| Price Per sq ft | £301.51 | Net Initial Yield | 9.86% |
| Unit Use | Retail | NOI | £6,900 |
| Unit Size | 232 sq ft |
| Price | £69,950 |
| Price Per sq ft | £301.51 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 9.86% |
| NOI | £6,900 |
DESCRIPTION
The studio is accessed via the hotel corridor. Inside, the studio is 21.55 square metres in size, it is open plan with toilet near the front entrance on the left hand side. Tenants also have access to communal areas such as the reception area and lobby. The hotel is fitted with CCTV inside and out
SALE NOTES
The property is now offered for sale due to our client’s other business
commitments overseas.
Unit 212
| Unit Size | 186 sq ft | Sale Type | Investment |
| Price | £59,950 | Tenure | Long Leasehold |
| Price Per sq ft | £322.31 | Net Initial Yield | 12.11% |
| Unit Use | Retail | NOI | £7,258 |
| Unit Size | 186 sq ft |
| Price | £59,950 |
| Price Per sq ft | £322.31 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 12.11% |
| NOI | £7,258 |
DESCRIPTION
The studio is accessed via the hotel corridor. Inside, the studio is 17.32 square metres in size, it is open plan with toilet near the front entrance on the left hand side. Tenants also have access to communal areas such as the reception area and lobby. The hotel is fitted with CCTV inside and out.
SALE NOTES
The property is now offered for sale due to our client’s other business
commitments overseas.
Presented by
2 Cross Ln - Trivelles Cross Lane
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