Retail premises for sale in 397 Manchester Road, Stockport, Cheshire SK4
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Property features
- Tenanted Convenience Store & Large Vacant Flat
- Prime Position fronting Manchester Road
- Ground Floor Trading As Morrisons
- Includes Large Residential Flat
- 10 Year Commercial Lease
- Thriving Location
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
best & final offers by 12 noon Friday 10 may 2024 (See page 4 of the Brochure for Tender information).
We are delighted to offer for sale a substantial primely located roadside, convenience store investment, with residential refurbishment opportunity.
The ground floor is currently let to Alliance Property Holdings Limited trading as Morrisons.
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.
There is a small yard for loading at the rear.
The property offers an excellent "Value Add" opportunity. The commercial element rent is just £7.50 psf overall and clearly there is obvious rental growth at rent review, which we understand is in 2029. The first floor provides a residential development opportunity and benefits from immediate vacant possession.
Tenancy Information
397 Manchester Road is let to Alliance Property Holdings Limited on a tenants effectively full repairing and insuring basis for a term of 10 years, with a rent review understood to be in 2029 and no breaks, at a current rent of £16,250 per annum.
2 Abney Road is large vacant residential flat that is in need of upgrading.
Asking Price
The entire property is available at an asking price of £330,000 plus VAT.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Morgan Williams, WA2 on +44 1925 916968 * (local rate)
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.