Price £395,000

Rates Payable Upon Enquiry

EPC Rating This property has been graded as D

Description

The property provides a three storey mixed commercial and residential building of traditional construction with stone and brickwork elevations under a pitched slate roof. The commercial and residential units benefit from private access points. The first and second floor has been extensively renovated and refurbished to a high standard.

56 Spring Gardens: 550 Sq.ft comprising:-
Main sales: 246 Sq.ft - 20’5’’ x 12’0’’.
Rear store: 219 Sq.ft - 19’7’’ x 11’2’’.
Rear store: 13 Sq.ft - 2’2’’ x 5’9’’.
First floor store: 47 Sq.ft - 6’1’’ x 7’8’’.
First floor kitchen: 25 Sq.ft - 3’0’’ x 8’0’’.

56a Spring Gardens: 850 Sq.ft comprising:-
Foyer/landings/corridors: 131 Sq.ft overall.
Kitchen: 98 Sq.ft - 9’0’’ x 10’10’’.
Dining room: 84 Sq.ft - 10’8’’ x 7’10’’.
Front room: 184 Sq.ft - 14’7’’ x 12’5’’.
Landings: 35 Sq.ft overall.
Bathroom: 75 Sq.ft - 7’4’’ x 9’1’’ plus 2’6’’ x 2’8’’.
Bedroom: 105 Sq.ft - 10’2’’ x 12’6’’.
Bedroom: 138 Sq.ft - 10’1’’ 12’6’’ plus cupboard.

RV/Council Tax

Rateable value: £14,250 - 1st April 2026.
Council Tax band B: £1,662.44 payable.
Small Business Rates Multiplier 2025/26: 0.499p.
Interested parties are advised to make their own enquiries with High Peak Council - 0300 456 0625.

Tenure

We understand that the property is Freehold.
Title Number: DY522484

Price/Income

£395,000 SUBJECT TO CONTRACT.
£28,500 annual income - 7.2% yield.

VAT

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

Lease/AST agreements

56 Spring Gardens - Let for a term of 2 years expiring
November 2026 subject to a passing rent of £16,500 per annum exclusive.
56a Spring Gardens - Fully renovated to a high standard and providing a two bedroom flat with lounge/dining room, kitchen and bathroom available with vacant
possession. Currently vacant with Estate Agent projected rent of £1,000pcm/£12,000pax.

Utilities

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

EPC

56 Spring Gardens: Energy rating D.
56a Spring Gardens: D.

Legal Costs

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