For Sale: 2,252 Sq.ft Mixed use retail/residential investment premises

 

Summary

  • Fully let commercial & residential investment
  • GF/Lower GF: 1,275 Sq.ft overall plus terrace
  • First Floor 2 bedroom Flat:542 Sq.ft
  • Second Floor 1 bedroom Flat: 435 Sq.ft
  • Council Tax Band A for flats: £1,650.21
  • 13 Shaw Road RV: £17,750 - Tenant to pay
  • Total income: £46,200 - 7.11% Yield
  • Freehold property - Title No: GM664083

Location

The property is located fronting Shaw Road in Heaton Moor close to the junction at Heaton Moor Road and a short walk to Heaton Moor train station.

- Stockport: 2.5 miles.
- Heaton Moor station: 0.5 miles.

Get directions from Google Maps

Further Information

Price £650,000

Rates Payable £3.93 per sq ft Tenant to pay

EPC Rating This property has been graded as B


Description

The property provides a four storey mid terraced mixed retail/restaurant and residential premises of traditional construction with brickwork elevations under a pitched slate roof along with side passageway which provides access to via steel staircase to the first and second floor flats along with providing access for bins.

13 Shaw Road: 1,275 Sq.ft overall comprising:-
Front seating/kitchen: 605 Sq.ft - 21’0’’ width x 28’10’’ depth.
Rear extension: 325 Sq.ft - 19’0’’ x 18’5’’ less 3’6’’ x 8’7’’.
Lower ground floor: 345 Sq.ft overall comprising:-
Kitchen including walk in chiller: 190 Sq.ft - 14’0’’ x 13’5’’.
Store: 54 Sq.ft - 9’3’’ x 5’7’’
Corridors: 101 Sq.ft overall.

Flat 1 First Floor: 542 Sq.ft.
Corridor: 48 Sq.ft - 3’1’’ x 15’3’’.
Living Room: 160 Sq.ft - 13’4’’ x 11’10’’.
Kitchen: 95 Sq.ft - 8’11’’ x 10’8’’.
Bathroom: 45 Sq.ft - 5’2’’ x 8’8’’.
Bedroom: 91 Sq.ft - 9’0’’ x 9’11’’.
Bedroom: 103 Sq.ft - 9’11’’ x 10’4’’.

Flat 2 Second Floor: 435 Sq.ft.
Corridor: 51 Sq.ft - 2’10’’ x 17’5’’.
Living Room: 137 Sq.ft - 10’1’’ x 13’4’’.
Kitchen: 63 Sq.ft - 6’0’’ x 16’3’’.
Bathroom: 34 Sq.ft - 6’1’’ x 5’6’’.
Bedroom: 125 Sq.ft - 10’4’’ x 10’4’’ plus 3’2’’ x 5’4’’.
W.C: 25 Sq.ft - 3’1’’ x 8’2’’.

Council tax/ RV

Flat 1 Shaw Road: Council Tax band A: £1,650.21.
Flat 2 Shaw Road: Council Tax band A: £1,650.21.
13 Shaw Road RV: £17,750.
Small Business Rates Multiplier 2024/25: 49.9p.
SMBC - 0161 474 5188.

Tenure

We understand that the property is Freehold. Title Number: GM664083 - TBC by the vendor.

Price/ VAT

£650,000 SUBJECT TO CONTRACT.
We understand that VAT is not payable at the property.

EPC

13 Shaw Road: EPC Rating B.
Flat 1: EPC Rating D. Flat 2: EPC Rating D.

Conditions

Subject to Contract

Lease/ AST's

13 Shaw Road: The property benefits from a commercial Lease for the ground, basement and external seating areas for a term of 10 years commencing 31st December 2023 and subject to a passing rent of £24,000 with rent review at year 5 on an upwards only open market basis.

First floor flat: Let for a term of 12 months from 31st March 2025 subject to a rent of £1,100pcm/£13,200pax.

Second floor flat: Let for a term of 12 months from 31st March 2025 subject to a rent of £750pcm/£9,000pax.

Utilities

Mains services are available including gas, electricity, water and drainage.

Planning

We understand the property benefits from E/C3 uses. Buyers to make their own enquiries.

Legal costs

Each party to be responsible for the payment of their own legal costs associated with the sale.