Mixed Use Investment Opportunity Generating £31,300 Per Annum
A two-storey detached property of brick construction under a pitched tiled roof. The property provides a mixture of accommodation with a ground floor retail unit spanning the entire ground floor which was formerley 3x individual units, each with glazed frontage overlooking Buxton Road. The first floor of the property provides 2x two-bedroom duplex apartments access via the rear of the building.Each apartment comprises kitchen / diner, lounge, 2x bedrooms and bathroom. Externally, the property benefits from parking for multiple cars to the rear. Accommodation We have taken the internal floor areas from the VOA and Energy Performance Certificate (EPC) as follows: Ground Floor Retail – 116.3 sq m (1,251 sq ft) Flat 1 – 69.5 sq m (748 sq ft) Flat 2 – 73 sq m (785 sq ft) Location The property is situated in a prominent position fronting Buxton Road (A6), opposite Stepping Hill Hospital in the Great Moor area of Stockport, approximately 2.2 miles from Stockport town centre. Tenancy Retail Unit - Let to Material World until end of 2025 at £17,500 per annum Flat 1 – Let on an AST at £6,900 p.a. Flat 2 – Let on an AST at £6,900 p.a. Total Income - £31,300 per annum Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating D
Stockport Metropolitan Borough Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.