For Sale: 1,212 Sq.ft Fully let four storey retail investment opportunity

 

Summary

  • Fully let four storey retail investment opportunity
  • External electronic security roller shutters
  • Ground floor kitchen/toilet & first floor bathroom
  • GF: 503 Sq.ft/FF: 381 Sq.ft/SF: 328 Sq.ft
  • Additional 260 Sq.ft basement storage - 6’ height
  • Low RV: £10,000 - 100% SBRR - NIL RATES
  • Fully let for 7 years expiring 24th October 2028
  • Let for £15,000pax/£260k - 5.8% initial yield 1,212 SQ.FT

Location

The property is located fronting Stockport Road close to the centre of Marple village and is a short walk from Market Street and Hollins Parade.

- Stockport: 6 miles.
- M60 Motorway: 5.5 miles.
- Manchester: 12 miles.

Get directions from Google Maps

Further Information

Price £260,000

Rates Payable Upon Enquiry

EPC Rating This property has been graded as D


Description

The property is a four storey mid terrace retail premises of traditional construction with brickwork elevations under a pitched slate roof. The property benefits from modern double glazed shop front, secure rear loading door both with external electronic security roller shutters, first floor office/store rooms and bathroom with shower cubicle, second floor office/storage rooms and additional basement store.

Ground floor: 503 Sq.ft.
Main sales: 15’8’’ max width x 31’2’’ max depth.
Kitchen: 7’2’’ x 4’8’’ with access to rear.
Toilet with low level w.c and sink.

First floor: 381 Sq.ft.
Front office: 11’5’’ x 17’2’’.
Mid office/store: 7’3’’ x 12’2’’.
Rear office: 7’3’’ x 12’3’’
Bathroom with low level w.c, sink and shower cubicle.

Second floor: 328 Sq.ft.
Front office: 17’3’’ x 11’8’’.
Rear office: 15’2’’ x 8’3’’.

Basement: 260 Sq.ft. - 17’2’’ x 15’2’’ - height 6’.
Electric, gas, water meters are located in the basement.

Rateable Value

Rateable value: £10,000
Small Business Rates Multiplier 2025/26: 49.9p.
100% SMALL BUSINESS RATES RELIEF AVAILABLE.
Interested parties are advised to make their own enquiries with SMBC - 0161 474 5188.

Lease Terms

Let for 7 years from 25th October 2021 expiring 24th October 2028. Rent review October 2026.

Rent

£15,000 per annum exclusive.

Price

£260,000 Subject to Contract.

VAT

All figures are quoted exclusive of Value Added Taxation. We understand that VAT is not payable at the property.

EPC

D

Utilties

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

Planning

We understand the property benefits from E use class.
Buyers to make their own enquiries.

Building Insurance

The Landlord will insure the building and recharge the premium to the Tenant. Details from MBRE.

Legal Costs

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