Services
We understand that mains electricity, gas, water,
and drainage connections are available.
Leases and Rent
The property is currently let.
Ground Floor
25 year lease effective July 2016 with 3 year rent reviews
and a current passing rent of £11,500/annum.
First Floor & Second Floor
Each separately let on an Assured Shorthold Tenancy at
a combined rent roll of £17,940/annum.
Further details on application.
Price
£300,000
reflecting a gross initial yield circa 9.4%
Energy Performance
Certificate available on request.
Anti Money Laundering
Under Anti Money Laundering Regulations prospective
buyers will be required to provide source of funding
and identification documents.
FOR SALE
RETAIL AND RESIDENTIAL INVESTMENT PROPERTY
1,486 sq. ft (138 sq. m)
- Central town position on Market Street
- Close to railway station
- Fully let generating £28,300/annum
- Gross initial yield circa 9.4%
Description
A three storey middle of terrace mixed retail and
residential property of brick construction under
a pitched slate roof.
Comprising takeaway to ground level which operates
as ‘Phat Ladz’, a burger outlet, with a well fitted shop
front servery, centralised kitchen, and rear ancillary.
There is also basement storage.
The first and second floors each comprise a well fitted
and modern 1 bed apartment.
The ground floor and upper floors are separately
accessed.
Location
Fronting Market Street in the centre of Stalybridge close
to the railway station and on the main strip for the
night-time trade.
Floor Size
The property in total extends to a gross internal floor area as follows:
| Area | SQ.FT | SQ.M |
| Ground Floor | 590 | 55 |
| First Floor | 448 | 42 |
| Second Floor | 448 | 42 |
| Total | 1,486 | 138 |
Viewing
By prior appointment with the Sole Agents
Mark Warburton Chartered Surveyors
mark@mwproperty.co.uk
M: 07769 970244
