For Sale: 2,278 Sq.ft Mixed commercial & residential investment
Summary
- Ground floor shop with 3 residential flats
- GF double fronted shop fully let to 1 Tenant
- Three one bedroom residential flats
- GF Shop Lease let for 5 years expiring 2030
- Located in the heart of Stockport Old Town
- Separate access for each flat and GF shop
- £650,000 - Income £46,440 - 7.1% yield
Location
The property is located fronting Little Underbank in Stockport Old Town with rear access available off Royal Oak Yard. The property is a short walk to the Merseyway Shopping Centre and Stockport bus and train stations.
- M60: 0.5 miles.
- Manchester: 7 miles.
Get directions from Google Maps
Mainline Stations
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Stockport8 mins
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Heaton Chapel26 mins
-
Davenport27 mins
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Brinnington33 mins
Underground Station
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Chesham2598 mins
-
Amersham2637 mins
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Chalfont and Latimer2662 mins
-
Chorleywood2695 mins
Further Information
Price £650,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C
Description
The property provides a four storey mid terrace mixed commercial retail and residential property of traditional construction with brickwork elevations under a pitched slate roof.
Access is available to the commercial retail units off Little Underbank. The first, second and third floor flats are accessed off Royal Oak Yard.
Ground floor Shop: 585 Sq.ft overall split between 24/26 including sales areas, kitchen, toilets, store rooms.
Flat 1 Third floor: 393 Sq.ft comprising lounge, kitchen, bathroom, store cupboard and landings.
Flat 2 Second floor: 674 Sq.ft comprising lounge, kitchen, bathroom, store cupboard, landings.
Flat 3 first floor: 626 Sq.ft comprising lounge, kitchen, bathroom, store cupboard, landings.
RV/Council Tax
24 Little Underbank RV: £4,900.
26 Little Underbank RV: £5,800.
Flat 1 Council Tax band: A - £1,745.93.
Flat 2 Council Tax band: A - £1,745.93.
Flat 3 Council Tax band: A - £1,745.93.
Tenure
We understand that the property is Freehold.
Title Number: TBC by the vendors Solicitor.
Price/VAT
£650,000 SUBJECT TO CONTRACT.
We understand that VAT is not payable on the sale.
EPC
We understand the EPC rating is C.
Details from Agents MBRE.
Lease/Tenancies
24-26 Little Underbank: Let for a term of 5 years from
13/09/2028 expiring 13/10/2030 subject to a passing rent of £18,000 per annum exclusive.
Flat 1: Let for 12 months from 19/11/2025 subject to a passing rent of £750 pcm/£9,000 pa.
Flat 2: Let for 24 months from 01/07/2025 subject to a passing rent of £825 pcm/£9,900 pa.
Flat 3: Let for 12 months from 14/10/2025 subject to a passing rent of £795 pcm/£9,540 pa.
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.
Conditions
Subject to Contract.
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