£500,000

(£159.29/sq. ft)

Block of flats for sale
Fulmar Drive, Stockport SK2

    • 3,139 sq. ft

Added on 29/11/2023

About this property

  • Residential block

  • High yielding

The flats can be bought as a whole or broken up into smaller lots if required. Minimum purchase would be 2 flats.

Location
The property is located in the area of Bosden Farm, in stockport. The area is predominantly residential, with the retail on the parade serving the local community. Local amenities for the area are goo, with Stockport Golf Club is situated approximately 600 metres away, whilst Stepping Hill Hospital is situated approximately 1 kilometre away, making this area there.

Description

The flats are situated on the first floor, which is accessed
via a staircase to the side of the building. The investment
comprises of 5 residential units, all income producing.
The freeholder will be retaining the retail units.

Price Offers in the region of £500,000 (five hundred thousand pounds) for the long leasehold interest. This represents a low capital value of £159.28 psf, which is less than replacement cost.

VAT The premises are not elected for VAT
EPC Rating tbc
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.

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Monthly repayment

£2,501 per month

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