Retail Investment Plus Seven Apartments Producing £3,385pcm/£43,030pa.

Retail Investment Plus Seven Apartments Producing £3,385pcm/£43,030pa. Occupying a superb location in the Centre of Stalybridge and adjacent to the Canal this stunning investment property is a perfect addition to a portfolio with it’s position always ensuring strong demand for the apartments. Briefly comprises a Ground Floor Double Fronted Shop plus Seven One Bedroomed Apartments producing £43,030pa/£3,385pcm. Over the last 20 years Stalybridge Centre has been steadily improved, enhanced by the reinstating of the Canal, making the Town attractive to a variety of users of all ages. Great potential return.

Tenure

See legal pack

Description & Rentals

Not inspected by Auction House Manchester but we are advised the property comprises the following:

Ground Floor

Shop Let to Bridge Nails at a rental of £780pcm/£9,360pa.

First Floor

Flat One comprising Hall, Lounge/Kitchen, Bedroom & Bathroom accessed from the front producing £375pcm/£4,500pa. Flat Two comprising Hall, Lounge/Kitchen, Bedroom & Bathroom accessed from the front producing £410pcm/£4,920pa.

Second Floor

Flat Three comprising Hall, Lounge/Kitchen, Bedroom & Bathroom accessed from the front producing £410pcm/£4,920pa. Flat Four comprising Hall, Lounge/Kitchen, Bedroom & Bathroom accessed from the front producing £395pcm/£4,740pa.

Rear of the Building

Flat Five comprising Hall, Lounge/Kitchen, Bedroom & Bathroom accessed from the front producing £410pcm/£4,920pa.

Lockside

Flat Six comprising Hall, Lounge/Kitchen, Bedroom & Bathroom accessed from the front producing £395pcm/£4,740pa. Flat Seven comprising Hall, Lounge/Kitchen, Bedroom & Bathroom accessed from the front producing £410pcm/£4,920pa.

Outside

The two Lockside apartments benefit from Courtyard Gardens adjacent to the Canal.

Energy Efficiency Rating (EPC)

Current Rating tbc

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Tameside Metropolitan Borough Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1200 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.