Summary
| Property Type | Investment / Residential / Retail |
| Tenure | For Sale |
| Size | 1,870 sq ft |
| Price | £395,000 SUBJECT TO CONTRACT |
| Rates Payable | £1.97 per sq ft |
- Fully renovated mixed use investment
- Retail/residential redevelopment opportunity
- Ground floor shop & 2 x 2 bed apartments
- Ground floor retail unit: 717 Sq.ft
- Flat 1: 507 Sq.ft - Flat 2: 645 Sq.ft
- Commercial unit RV: £7,400 - Nil rates to pay
- Council Tax bands for flats TBC
- Estimated total rent: £36,000 per annum
- Sale price £450,000 - 8% yield when fully let
About
The property provides a renovated three storey mixed commercial retail premises with separately accessed residential living accommodation providing two self contained flats over first and second floor levels. To the rear is a hard-standing area which can be used for car parking and loading.
Ground floor retail premises: 717 Sq.ft.
Main sales: 16’2’’ x 48’6’’ including toilet facilities
First floor apartment: 507 Sq.ft.
Lounge/dining: 149 Sq.ft - 10’3’’ x 14’4’’.
Kitchen: 99 Sq.ft - 9’2’’ x 10’10’’.
Bedroom 1: 97 Sq.ft - 10’11’’ x 8’10’’.
Bedroom 2: 124 Sq.ft - 14’0’’ x 8’10’’.
Bathroom: 38 Sq.ft - 4’10’’ x 7’11’’.
Second floor apartment: 645 Sq.ft.
Lounge/dining: 114 Sq.ft - 10’5’’ x 10’5’’.
Kitchen: 104 Sq.ft - 8’10’’ x 11’8’’.
Bedroom 1: 153 Sq.ft overall.
Bedroom 2: 167 Sq.ft overall.
Shower/w.c: 50 Sq.ft - 6’7’’ x 7’4’’.
Foyer: 11 Sq.ft - 3’2’’ x 3’3’’.
Landing: 46 Sq.ft overall.
Location
The property is located in the heart of Adswood residential area close to the centres of Davenport, Cheadle Heath and Edgeley and a short drive to Stockport and Cheadle Hulme.
- Davenport: 1 mile.
- Cheadle Hulme: 1.5 miles.
- Stockport: 2 miles.
- M60: 2 miles.
Mainline Stations
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Davenport14 mins
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Stockport22 mins
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Woodsmoor23 mins
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Cheadle Hulme23 mins
Underground Station
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Chesham2578 mins
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Amersham2617 mins
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Chalfont and Latimer2642 mins
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Chorleywood2675 mins
Downloads
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Further Information
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Rateable Value
Rateable value: £7,400.
Small Business Rates Multiplier 2022/23: 49.9p.
100% SBRR available - nil payable rates.
Interested parties are advised to make their own enquiries with SMBC - 0161 474 5188. -
Tenure
We understand that the property is Freehold.
Title Number: GM327395. -
Price
£450,000 SUBJECT TO CONTRACT.
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VAT
All figures are quoted exclusive of Value Added Taxation.
We understand that VAT is not payable at the property. -
Conditions
Subject to Contract.
-
Utilities
Mains services are available including electricity, water and drainage.
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Planning
We understand the property benefits from E/C3 use.
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.
Gallery
