This unique property is located on the desirable south side of Wilbraham Road in Chorlton, just a short distance from Manchester city centre. The area is poised for growth with significant redevelopment plans for the surrounding shopping precinct, which promises to enhance the local community with new leisure and retail spaces, coupled with green areas directly behind the property.
The building consists of two adjoining units, currently housing income-generating retail businesses on the ground floor while the upper levels are vacant and ripe for transformation into high-end residential apartments. With seven parking spots available at the rear, there is ample convenience for both tenants and future residents.
Noteworthy is 496 Wilbraham Road, which features a long-term lease with Everest Pharmacy Ltd along with additional storage space. Meanwhile, 496b accommodates another established tenant, offering excellent rental income potential while providing an opportunity to convert the first floor into luxury loft-style flats (subject to planning permissions). There’s also room to expand at the rear with a modern glass staircase and additional floors, potentially increasing residential units to five or six, further enhancing its investment appeal.
This freehold property presents a compelling opportunity for investors looking to capitalize on Chorlton's ongoing development and growing desirability. An EPC report can be provided upon request, ensuring you have all necessary documentation as you consider this strategic investment.
