2-bedroom flat · OL11 2SP
Under offerListed 841 days
Opportunity summary
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About
ADAMSONS BARTON KENDAL are pleased to bring to the market this fabulous investment opportunity in the form of a ground floor shop and premises, currently let out on a business tenancy for a period of 5 years, with a break clause after 2 ½ years at a rental figure of £660 per calendar month.
In addition, there is a wonderful 2 bedroomed first floor apartment, which is let out on an assured short hold tenancy agreement with an income of £695 per calendar month.
The property itself is well presented internally and is situated in the heart of Castleton Village, conveniently positioned for access to all the usual local amenities.
The property is just a 5 minute walk from Castleton Train Station with commuter links to Manchester and beyond.PLEASE NOTE : the covenants within the lease, affecting the use of the property, say that it should note be used : (a) for various antiquated trades (eg a working chemist, slaughterhouse or distillery) or any other offensive trade (b) as a newsagent, tobacconist or convenience store Ground Floor - Floor area of approximately 505 sq.ft.
(47 sq.mtrs) Front OFFICE KITCHEN - Range of wall and base units with integrated fridge, microwave and 2 ring hob, Quooker hot water tap Separate WC - low level wc, wash hand basin, storage cupboard Basement - Floor area of approximately 450 sq.ft.
(42 sq.mtrs) CELLAR ROOM 1 CELLAR ROOM 2 Rear STORE The Apartment The apartment is accessed via the rear yard.
Ground Floor KITCHEN - single drainer sink unit, range of modern wall and base units with built in oven, hob and extractor hood, stairs to first floor First Floor LANDING HALL LOUNGE BEDROOM 1 BEDROOM 2 BATHROOM - panelled bath with shower above, pedestal wash hand basin, low level wc - matching suite in white Externally There is a rear yard ADDITIONAL INFORMATION Rateable Value for 864 Manchester Road - 6,400 per annum Council Tax Band for 864a Manchester Road - Band A Tenure - Leasehold EPC rating for 864 Manchester Road - C70 EPC rating for 864a Manchester Road - D67 Subject to contract - the property is offered subject to formal contract
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 864 and 864a Manchester Road, Castleton OL11 2SP
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