Property photos
Offers in region of
£395,000
(£215.85/sq. ft)
Property for sale
11-21Clarendon Street, Hyde, Greater Manchester SK141,830 sq. ft
Local area information
Property location
Nearby amenities
- St George's CofE Primary School 0.3 miles
- Hyde Central 0.3 miles
- Greenfield Primary School and Early Years Centre 0.4 miles
- Newton for Hyde 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Hyde to find out more about the local area.
Features and description
- 3 Self Contained Properties
- Current Net Income £39,309pa
- Attractive Net Initial Yield of 9.58%
The property is located in the centre of Hyde on Clarendon Street which is accessed from Market Street. It is adjacent to the former Hyde Job Centre, Donneybrook Medical Centre and close to Boots, NatWest and the bus station. The main Asda Hyde Superstore is close by along with the pedestrianised centre of Hyde. Junction 3 of the M67 is approximately 0.1 miles away which gives access to the wider motorway network.
A town centre retail investment opportunity comprising an unbroken parade of three two storey self-contained retail units in the centre of Hyde with parking to the rear. No. 11 is let to Gracie's Bar & Kitchen, No. 15 is let to Crohns & Colitis UK and No. 21 is let to N.O.A.h's Art.
Tenancies
11 Clarendon Street (Gracie's Bar & Kitchen): 5 year lease from 14 November 2021. £10,000pa excl.
15 Clarendon Street (Crohns & Colitis UK): 5 year lease from 29 November 2022. £15,750pa excl. Rent review and tenant only break (6 months notice) on 29 November 2025.
21 Clarendon Street (N.O.A.h's Art) : 5 year lease from 14 December 2023 with a passing rent of £18,525 pa, rising to £19,500 pa as of December 2025.
Current gross rental income - £44,275 pa exclusive.
Net income taking into account the ground rent - £39,309 pa (rising to £40,284 pa from 14th December 2025)
A town centre retail investment opportunity comprising an unbroken parade of three two storey self-contained retail units in the centre of Hyde with parking to the rear. No. 11 is let to Gracie's Bar & Kitchen, No. 15 is let to Crohns & Colitis UK and No. 21 is let to N.O.A.h's Art.
Tenancies
11 Clarendon Street (Gracie's Bar & Kitchen): 5 year lease from 14 November 2021. £10,000pa excl.
15 Clarendon Street (Crohns & Colitis UK): 5 year lease from 29 November 2022. £15,750pa excl. Rent review and tenant only break (6 months notice) on 29 November 2025.
21 Clarendon Street (N.O.A.h's Art) : 5 year lease from 14 December 2023 with a passing rent of £18,525 pa, rising to £19,500 pa as of December 2025.
Current gross rental income - £44,275 pa exclusive.
Net income taking into account the ground rent - £39,309 pa (rising to £40,284 pa from 14th December 2025)
More information
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