For Sale: 790 Sq.ft Mixed use commercial retail and residential investment

 

Summary

  • Fully renovated mixed use investment
  • Freehold & available with vacant possession
  • GF Shop: 325 Sq.ft / FF Flat: 465 Sq.ft
  • Plus 150 Sq.ft External bike & storage shed
  • Separate access for shop and for flat
  • Low RV: £2,650 - 100% SBRR - Nil rates
  • Estimated income £20,400pax - 9% yield
  • Ready for new owner to secure new Tenants

Location

The property is located fronting Hempshaw Lane in Stockport and is a short drive to Stockport town centre and J1 of the M60 Motorway.
- Stockport: 1.5 miles.
- M60: 1.5 miles.
- Offerton: 1 mile.

Get directions from Google Maps

Further Information

Price £225,000

Rates Payable Upon Enquiry

EPC Rating This property has been graded as D


Description

The property provides a mixed use commercial retail and residential flat forming part of a mixed use terrace of shops and flats and occupying an end terrace position. The property benefits from open plan retail sales, rear toilet and access to the rear yard and bicycle store. The flat provides duplex 1 bedroom living accommodation which is finished to a high standard with fully fitted kitchen and bathroom facilities.
Ground floor retail: 325 Sq.ft 0verall comprising:-
Main sales: 258 Sq.ft - 12’5’’ x 23’0’’ less stairs 8’3’’ x 3’6’’.
Under stairs store: 13 Sq.ft - 2’7’’ x 4’11’’.
Kitchen: 35 Sq.ft - 4’0’’ x 8’9’’.
W.C: 19 Sq.ft - 6’5’’ x 2’11’’.
External bike store: 150 Sq.ft - 6’4’’ x 9’7’’.

First and second floor flat: 465 Sq.ft overall comprising:-
GF foyer: 31 Sq.ft - 10’5’’ x 3’0’’.
FF & SF landings: 70 Sq.ft overall.
Living room: 118 Sq.ft - 12’2’’ x 9’8’’.
Kitchen: 48 Sq.ft - 8’1’’ x 6’0’’.
Bathroom: 43 Sq.ft - 8’9’’ x 5’6’’ less 4’0’’ x 2’1’’.
Cupboard: 5 Sq.ft - 2’7’’ x 4’0’’.
SF Bedroom 150 Sq.ft - 8’8’’ x 19’4’’ plus 7’7’’ x 2’10’’

Council Tax/ RV

Council Tax: Band A - £1,650.21 payable.
Rateable value: £2,650.
Small Business Rates Multiplier 204/25: 49.9p.
100% SBRR available - Nil payable rates. Interested parties contact SMBC - 0161 474 5188.

Tenure

We understand that the property is Freehold. Title Number: CH84376.

Price

£225,000 SUBJECT TO CONTRACT.

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.

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.