TO BE SOLD BY ONLINE AUCTION ON 7TH DECEMBER 2022.
37 Wellington Road South, Stockport.
Prominently located business premises with accommodation over FOUR FLOORS.
Many commuters will have shopped in this newsagent over the past few decades as it is located on the gateway from Stockport Rail Station into Stockport Town Centre.
The property is suited to change of use, subject to planning, as it is located on the main bus routes and Rail Station in and out of Stockport, and we do feel that there is massive potential to separate the upper floors to either HMO, Air BnB or flats due to high demand and the thriving Town that is Stockport.
It is a deceptive property having great trading space on the ground floor with dry cellars below and two stories of accommodation/storage above.
We woud expect that the ground floor could produce an income of around £15,000 per annum, subject to use and that if the upstairs is converted fully to residential that could add at least £9,000 per year on top making this a shrewd investment. The current owners rent some basement storage out informally at a rate of £2,000 per year. We are advised that VAT is payable on the purchase price.
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
