For Sale: 3,395 Sq.ft Mixed use commercial & residential investment opportunity
Summary
- Mixed use residential/commercial investment
- Finished to a high standard throughout
- GF Retail cafe premises: 1,085 Sq.ft
- FF/SF 4 bedroom flat: 1,545 Sq.ft
- Additional basement storage: 765 Sq.ft
- GF RV: £17,250/Flat Council Tax: £1,564.42
- Available with vacant possession
- Est. annual income £46,000 - 9.8% Yield
Accommodation
The accommodation comprises the following areas: Ground floor retail cafe: 1,085 Sq.ft overall including seating area, serving counter and storage. Residential flat: 1,545 Sq.ft overall including GF entrance hallway/laundry area, first floor with 2 bedrooms (1 en-suite), kitchen and bathroom and second floor with 2 bedrooms (1 en-suite). Basement: 765 Sq.ft overall comprising two open plan areas.
| Name | sq ft | sq m | Availability |
| Ground - Retail | 1,085 | 100.80 | Available |
| 1st - Residential Flat | 1,545 | 143.54 | Available |
| Basement - Storage | 765 | 71.07 | Available |
| Total | 3,395 | 315.41 |
Location
The property is located on Castle Street in the heart of Edgeley,
Stockport. The property is located close to Stockport town centre, Stockport train station and a short drive to Cheadle village and the M60 Motorway.
- M60: 1.5 miles.
- Manchester: 7 miles.
Get directions from Google Maps
Mainline Stations
-
Stockport7 mins
-
Davenport19 mins
-
Woodsmoor29 mins
-
Heaton Chapel33 mins
Underground Station
-
Chesham2592 mins
-
Amersham2630 mins
-
Chalfont and Latimer2656 mins
-
Chorleywood2689 mins
Further Information
Price £470,000
Rates Payable £2.54 per sq ft
Description
The property provides a mixed use commercial community cafe premises at ground floor level which has been fitted out to a high standard with access to basement storage and includes serving counter, seating area and access to
toilet facilities along with intruder alarm and external and internal electronic security shutters. Rear access is available off St. Matthew’s Road.
The residential flat is access from St. Matthew’s Road and provides ground floor entrance hallway with laundry area leading to the first floor which includes communal living room, large open plan kitchen with access to the outdoor roof terrace. Internally the flat benefits from a communal bathroom, four bedrooms - 2 of which are en-suite.
Rateable Value
Rateable value: £17,250 - Retail relief may be available
Small Business Rates Multiplier 2024/25 49.9p.
Council Tax - Band A - £1,564.42 payable.
Interested parties are advised to make their own
enquiries with SMBC - 0161 474 5188.
Tenure
We understand that the property is Freehold.
Title Number: TBC.
Price/VAT
£470,000 SUBJECT TO CONTRACT.
We understand that VAT is not payable at the property.
Rents
GF Retail cafe: Estimated rent £18,000 pax.
FF Flat: Estimated £600/room/month - £28,800 pa
Conditions
Subject to Contract
Utilities
Mains services are available including gas, electricity water and drainage
Planning
DC/017903: Single storey extension/roof terrace/flat.
DC/054268: Change of use from A1 - A3 (Now E class).
Legal Costs
Each party to be responsible for the payment of their own legal costs associated with the sale.
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