For Sale: 1,370 Sq.ft Mixed commercial and residential investment premises

 

Summary

  • Prominent mixed use investment premises
  • GF Commercial barbers - 433 Sq.ft
  • FF 2 bed flat: 587 Sq.ft - Refurbished
  • SF 1 bed flat: 350 Sq.ft - Refurbished
  • Suitable for use as Airbnb or standard flat lets
  • GF barber shop full let producing £850pcm
  • Total potential income £29,400 pax fully let
  • Sale price £365,000 - 8% initial yield

Location

The property is located fronting Manchester Road in the centre of Heaton Chapel a short drive to Heaton Moor, Levenshulme, Stockport town centre and the M60.

- Stockport: 2 miles.
- M60: 2 miles.
- Manchester: 5 miles.

Get directions from Google Maps

Further Information

Price £365,000

Rates Payable £2,794.40 per sq ft

EPC Rating This property has been graded as D


Description

The property provides mixed commercial and residential accommodation over ground, first and second floors along with external rear grounds. The property has been renovated to provide two self contained residential flats over first and second floors with external rendered brickwork elevations under a pitched slate roof with Velux roof lights.

412 Manchester Road commercial unit: 433 Sq.ft overall comprising:-
Main sales: 226 Sq.ft - 18’6’’ x 12’2’’, Rear kitchen: 77 Sq.ft - 7’4’’ x 10’4’’, Corridor: 27 Sq.ft - 12’1’’ x 2’3’’,
Rear store: 103 Sq.ft overall plus toilet.

First floor flat: 587 Sq.ft overall comprising: -
Kitchen/diner: 215 Sq.ft - 8’9’’ x 24’4’’, bathroom: 40 Sq.ft - 4’6’’ x 8’8’’, foyer: 24 Sq.ft - 5’10’’ x 4’2’,
bedroom 1: 155 Sq.ft - 12’2’’ x 12’9’’, bedroom 2: 153 Sq.ft - 11’6’’ x 13’4’’.

Second floor flat: 350 Sq.ft overall comprising:-
Kitchen/diner: 160 Sq.ft - 10’6’’ x 15’2’’, bathroom: 42 Sq.ft - 6’0’’ x 7’0’’, landing: 20 Sq.ft - 3’4’’ x 5’11’’,
bedroom: 128 Sq.ft - 7’11’’ x 16’1’’.

RV/Council Tax

Rateable Value: £5,600 - 100% SBRR - Nil payable rates.
Small Business Rates Multiplier 2019/20: 49.1p/50.4p.

Flat 1: Band A - £1,650.21 payable Council Tax.
Flat 2: Band A - £1,650.21 payable Council Tax.
SMBC - 0161 474 5188.

Tenure

We understand that the property is Freehold.
Title Number: GM287679- TBC by Solicitors.

Price/VAT

£365,000 SUBJECT TO CONTRACT.
We understand that VAT is not payable at the property.

Lease Terms/Income

412 Manchester Road GF Shop: Let to a barber for a term of years subject to passing rent of £850 per calendar month/£10,200 pax.
FF Flat: Estimated rent of £850 per calendar month/£10,200 pax.
SF Flat: Estimated rent of £750 per calendar month/£9,000 pax.

Utilities

Mains services are available including electricity, water and drainage.

Planning

Planning granted for FF/SF change of use: DC/070193.
GF benefits from E use class. Buyers to make enquiries.

Legal Costs/Conditons

Each party to bear their own costs relating to the sale.
Subject to Contract.