Two retail premises and two separate two bedroom self contained flats The estimated rental income is £20,000 per annum and this will be sold vacant giving the opportunity to set rents and perhaps trade from the ground floor.
It is sited right on the pedestrian crossing, has plenty of footfall and a great amount of passing traffic.
LOT 23
Before buying at Auction, it is essential that you read our Notice to Prospective Buyers and the Common Auction Conditions.
You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.
Location
This particular location is densely populated with a high concentration of sole traders operating businesses along this particular road and is considered to be a thriving community and popular with investors as it has high demand for rental properties.
Hyde itself is served by the M67 motorway, a feeder to the M60, the orbital motorway for Manchester, which is connected to many other motorways that serve across the country. It has two rail stations centrally also has Hyde bus station, with services into Manchester and other surrounding areas, including Stockport, Ashton-under-Lyne and Oldham.
Ground Floor
Two retail units that are currently interconnecting but easily separated having dual sales area, rear office, storage room and WC and kitchen with a rear yard. 69 SQM combined (742 SQFT) (40and 29 respectively)
Flat 1
First floor: Vestibule, living room, hallway, L-shaped dining kitchen, large dressing room/cloak room through to large shower room. Second floor: Landing area. Main bedroom and smaller second room.
Flat 2
First floor: Vestibule, living room, hallway, L-shaped dining kitchen, shower room. Second floor: Landing area. Main bedroom and smaller second room.
Notes
Flats double glazed, electric heating. EPC ratings C. All floor plans are for purpose of illustration only and are not to be relied on as being wholly accurate.
Rental Values
Minimum rental values per flat circa £400 per month, shops £435 month. Projected annual income circa £20,000 making the gross yield 13% per annum
Possession
Vacant on completion.
Who, When, Where?
Edward Mellor Auction
Sheridan Suite, 371 Oldham Road, Manchester, M40 8RR
Important Notice
Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions. These can be found on our website https://edwardmellor.co.uk/auctions/buying-at-auction
You must not bid unless you have made yourself fully aware of the auction process.
If you require help with this, please contact a member of the auction team.
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
