Mixed Use Investment Opportunity Generating £29,450 per Annum
A two-storey link-detached property of brick construction with decorative tudor features under a pitched tiled roof. The property provides a mixture of accommodation with a ground floor retail unit currently utilised as a yoga studio, with the remainder of the property providing 3x two-bedroom apartments. Externally the property benefits from parking to the front and rear. Accommodation We have taken the internal floor areas from the VOA and Energy Performance Certificate (EPC) as follows: Yoga Studio – 57.88 sq m (623 sq ft) Flat 18a – 68 sq m (731 sq ft) Flat18b – 58 sq m (624 sq ft) Flat 18c – 59 sq m (635 sq ft) Location The property is situated in a prominent position fronting Buxton Road (A6), close to the intersection with Macclesfield Road (A523) in the Hazel Grove area of Stockport, approximately 3 miles Stockport town centre. Tenancy Yoga Sudio – Let to a private individual on a tenancy at will at £8,750 p.a. Flat 18a – Let on an AST at £7,800 p.a. Flat 18b – Let on an AST at £6,900 p.a. Flat 18c – Let on an AST at £6,000 p.a. Total Income - £29,450 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 C
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.