Tenanted Mixed Use Investment In Stockport

A mixed-use freehold investment opportunity located on the busy Wellington Road South (A6) in Stockport, which is a busy arterial route into Manchester City Centre. Location & Surroundings : Approximately half a mile of Stockport town centre and surrounded by a mix of both secondary commercial and residential uses with excellent transport links and access to local amenities. The property comprises: Ground Floor: a commercial unit operating a food takeaway trading as Gourmet Grill and currently let at £9,400 per annum. Rent is paid quarterly in advance. First Floor & loft space: a self-contained residential flat above producing £7,200 per annum under an Assured Shorthold Tenancy (periodic). Combined, the property generates a total rental income of £16,600 per annum. The commercial lease has just over 4 years remaining and will expire on the 31st December 2029. Access & Parking: Private rear open parking area and public highway layby parking to the front, facilitating customer and delivery access. Vehicular right of way over the neighbouring car park for rear access and pedestrian access to the rear via the side pathway. Auctionhouse are informed that the flat underwent substantial internal refurbishment in 2020 with re-plastering of all internal walls, replacement of floor boards, pipes, boiler, new radiators, electrical rewiring, doors, bathroom, installation of a separate electricity meter and other repairs and updates. Please refer to legal pack for confirmation of income. Tenure: Freehold Title number: GM101265 Council Tax Band : A Local Authority: Stockport Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Stockport Metropolitan Borough Council

Solicitors

Birchall Blackburn Law, Ref: Anis Patel, Tel: 01772 552217

Offered in association with

Ben Prescott

Additional Fees

Buyer's Premium - £1500 inc VAT payable on exchange of contracts.

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £2500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.