Retail premises for sale in Manchester Road, Stockport SK4

£775,000 (£130.34/sq. ft)
Interested in this property? Call +44 1925 916968 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Retail premises for sale 5,946 sq. ft*

Property features

  • Prime Position fronting Manchester Road (A6188)
  • Majority Let to Funeral Services Ltd t/a Co-op
  • Remaining Commercial Let to Martin McColl Ltd
  • Includes Large Residential Flat
  • Long Term Commercial Leases

Property description

Location

A substantial corner property that is situated at the junction of Manchester Road and Abney Road within Heaton Chapel Village Centre.

Heaton Chapel is a popular residential area 2 miles to the north of Stockport Town Centre.


Description


We are delighted to offer for sale a substantial primely located roadside investment with residential refurbishment opportunity.

The property comprises a 0.2 acre site that is bounded to three sides by Manchester Road, Abney Road and Cambridge Road and overlooks the traffic light junction, in this well-regarded residential suburb.

The property comprises three separate components, the funeral care business (a Co-op Group company), that will be transacted as a sale and leaseback. Martin McColl Limited occupy a long established convenience store. The residential element comprises its own entrance door on Abney Road and provides substantial first floor accommodation that is in need of refurbishment, potentially as a large single flat or multi-occupancy STP.

The funeral care business is arranged at ground level only and provides retail, offices and storage.

Externally there are demised yards and garaging to the rear.


Tenancy Information


397 Manchester Road is let to Martin McColl Limited on a tenants effectively full repairing and insuring basis for a term of 15 years from 2017, at a current rent of £17,500 per annum plus VAT, with a tenant break in 2027 and 5 yearly rent reviews. The 2022 rent review has been actioned and is in negotiation, at a proposed rent of £20,000 per annum plus VAT.

399 Manchester Road will be let to Funeral Services Limited on a new 15 year lease, with 5 yearly upward only rent reviews and tenant only breaks, at a commencing rent of £22,500 per annum plus VAT.

2 Abney Road is large vacant residential flat that is in need of upgrading.

Funeral Services Limited is part of the Co-operative Group of companies.

Martin McColl Limited is a long established retailer that was placed into Administration in May 2022, however, we understand that they will become part of the wm Morrison Group of companies.

The current total rental income received is £40,000 per annum plus VAT. However, this should increase with the outstanding rent review and again once the vacant residential becomes occupied. We are of the opinion that the total rent potential could be in the order of £55,000 per annum plus VAT.



Asking Price


The guide price for the entire property is £775,000 plus VAT.

Property info

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

Arrange Viewing

For more information about this property, please contact
Morgan Williams, WA2 on +44 1925 916968 * (local rate)

Contact Morgan Williams about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Morgan Williams, and do not constitute property particulars. Please contact Morgan Williams 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.

Properties on the market nearby

13 more properties like this

View all Manchester Road commercial properties for sale