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32 Quay St - Affinity Living Riverside 2,818 SF Retail Condo Unit Offered at $1,027,708 in Salford M3 5FZ
INVESTMENT HIGHLIGHTS
- Exclusive waterfront location
- Easy access to amenities
- Close to the desirable Spinningfields area
EXECUTIVE SUMMARY
A commercial unit located within the Affinity Living Riverside apartment. They have been designed to offer residents as much choice as possible. With 188 apartments spanning across 17 floors, there are Studios, One bed, Two bed and Three bedroom apartments available, with multiple different layouts to cater for individual preferences.
PROPERTY FACTS
| Total Building Size | 112,849 SF | Floors | 17 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,849 SF |
| Property Subtype | Apartment | Year Built | 2022 |
| Building Class | B | Lot Size | 0.41 AC |
| Total Building Size | 112,849 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 17 |
| Typical Floor Size | 3,849 SF |
| Year Built | 2022 |
| Lot Size | 0.41 AC |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Tile Floors
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Views
- Wi-Fi
- Freezer
SITE AMENITIES
- Controlled Access
- Courtyard
- Fitness Center
- Property Manager on Site
- Waterfront
- Furnished Units Available
- Media Center/Movie Theatre
- Planned Social Activities
- Bicycle Storage
- Community-Wide WiFi
- Lounge
1 UNIT AVAILABLE
Unit Commercial
| Unit Size | 2,818 SF | Sale Type | Investment |
| Price | $1,027,708 | Tenure | Long Leasehold |
| Price Per SF | $364.69 | Cap Rate | 8.00% |
| Condo Use | Retail | NOI | $82,216.65 |
| Unit Size | 2,818 SF |
| Price | $1,027,708 |
| Price Per SF | $364.69 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.00% |
| NOI | $82,216.65 |
DESCRIPTION
The unit forms park of the highly successful Affinity Living Riverside and Riverview providing 522 residential units with a 96% occupancy rate. It is arranged as 2,818 sq.ft of retail space with a further 1,031 sq.ft of external retail and canopy space.
SALE NOTES
The property is fully let to Otto Manchester Ltd trading as Ottoman Grill and Bar by way of a 10-year unbroken FRI lease from 18th October 2023 with an upward only rent review in the 5th year at a passing rent of £65,000 per annum. Equating to an average low rent of £16.89 psf. Seeking offers in excess of £770,000 (Seven Hundred and Seventy Thousand Pounds) reflecting an attractive net initial yield of 8.00% after deduction of usual purchaser’s costs.
Interior
Outside area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 47 | - | 377 |
| 1+1 | 47 | - | 437 - 463 |
| 2+2 | 47 | - | 635 - 678 |
| 3+2 | 47 | - | 936 - 947 |
CONTACTS
-
Jonathan Mills -
Luc Hogan -
Jonathan Phillips -
Charley Foster -
Metis Real Estate Advisors
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32 Quay St - Affinity Living Riverside
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