Summary
| Property Type | Investment |
| Tenure | For Sale |
| Size | 1,350 sq ft |
| Price | £215,000 Subject to Contract |
| Rates Payable | £1.85 per sq ft |
- Mixed commercial & residential investment
- Ground floor shop & duplex one bed flat
- Separate access for both the shop & flat
- Low RV: £5,000 - 100% SBRR - Nil rates
- Council Tax band A: £1,564.42 payable
- Located close to Stockport train station
- £215,000 - 8% initial yield before costs
- External lay-by car parking outside shop unit
About
The Property provides a mixed commercial and residential mid terrace building traditional construction with brick work elevations under a pitched slate roof.
Ground floor Retail premises: 645 Sq.ft overall comprising:-
Main sales: 335 Sq.ft overall including main sales area and toilet facilities.
Basement: 310 Sq.ft overall including main storage room, kitchenette and smaller storage rooms.
First & second floor flat: 705 Sq.ft comprising:-
Ground floor foyer: 22 Sq.ft - 6’4’’ x 3’4’’.
Living room: 215 Sq.ft - 15’10’’ x 13’5’’.
Kitchen: 130 Sq.ft - 11’2’’ x 10’8’’ plus 2’10’’ x 3’9’’.
Second floor landing: 51 Sq.ft overall
Bedroom: 70 Sq.ft - 10’7’’ x 8’1’’ plus 6’6’’ x 4’4’’.
Bathroom: 37 Sq.ft - 5’11’’ x 6’3’’.
Bedroom: 133 Sq.ft - 12’11’’ x 8’10’’ plus 4’33’’ x 4’1’’.
First and second floor landings: 98 Sq.ft overall.
Location
The Property is located at the busy junction of Shaw Heath and Long Shut Lane West close to the A6 Wellington Road South and a short drive to the M60 Motorway.
- Stockport: 1 mile.
- M60 Motorway: 1.5 miles.
Mainline Stations
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Stockport8 mins
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Davenport13 mins
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Woodsmoor22 mins
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Heaton Chapel38 mins
Underground Station
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Chesham2586 mins
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Amersham2625 mins
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Chalfont and Latimer2650 mins
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Chorleywood2683 mins
Downloads
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Further Information
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RV/Council Tax
Rateable value: £5,000.
Council Tax band A: £1,564.42 payable.
Small Business Rates Multiplier 2023/24: 49.9p.
Interested parties are advised to make their own enquiries with SMBC - 0161 474 5188. -
Tenure
We understand that the property is Freehold/Leasehold.
Title Number: -
Price
£215,000 SUBJECT TO CONTRACT.
Representing an 8.0% yield before costs. -
VAT
All figures are quoted exclusive of Value Added Taxation. We understand that VAT is not payable on the sale.
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Conditions
Subject to Contract.
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Lease/AST Agreements
The property benefits from the following commercial Lease and residential AST agreements:
73 Shaw Heath: Let for a term of 3 years from July 2023 subject to a passing rent of £8,400.
73a Shaw Heath: Let on an assured shorthold tenancy agreement for a term of 12 months from March 2016 subject to a passing rent of £750 pcm/£9,000 per annum exclusive. -
Utilities
Mains services are available including gas, electricity, water and drainage.
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Planning
We understand the property benefits from E/C3 use. Buyers to make their own enquiries.
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Legal Costs
Each party to be responsible for the payment of their own legal costs associated with the sale.
Gallery
