Retail premises for sale in 71-73, High Street, Cheadle ST10

£285,000 (£95/sq. ft)
Retail premises for sale 3,000 sq. ft*
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Property features

  • High Street Mixed Investment Opportunity
  • Net Yield 8.35%
  • 2 x Retail Shops
  • 4 x 1 Bedroom Flats
  • All electric's separated
  • Current income £24,480 pa

Property description

High Street mixed investment opportunity producing a net rent of £24,480 pa, consisting of 2 retail shops, 4 x 1 bedroom flats and 2 tandem parking spaces. Net yield 8.35%.

The property is a three storey period building with two split frontages of timber construction. The rear of the property is accessed from Bank Street, providing access to the flats and there is tandem parking for two vehicles. The ground floor was historically a single unit but has been altered to provide two shops with shared toilet facilities to the rear. The timber frontages were replaced in 2007 and have been internally refurbished. There is a vaulted cellar beneath the shops offering further storage. The upper floors provide 4 x 1 bedroom flats fully let. Externally the property was updated in 2007 with new timber framed windows, roof works and replacement gutters, in-keeping with the Conservation Area requirements. Two of the flats have more recently been refurbished with new kitchens, bathrooms, carpets and electric heating. All areas benefit from a linked fire alarm system and CCTV covering communal hallways and external areas.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Mounsey Chartered Surveyors, ST1 on +44 1782 933457 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mounsey Chartered Surveyors, and do not constitute property particulars. Please contact Mounsey Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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