Double fronted ground floor retail unit (90 sq m) with expected rental yield circa 13% gross.To be sold by auction on 10th December 2019
Such a popular location these days! Well worth a look for occupying or investment whatever suits!
Finance available on this lot- call us to find out how on 0161 443 4740
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.
Details
Ground Floor: Circa 80 sq m (861 sq ft) of double fronted spacious retail space
Basement: Cellar under main frontage
Asking rents are circa £500- £600 per calendar month
EPC Rating
Rated D (78)
Overview
The property is situated in the Under Banks conservation area and the town centre is considered to be "the place to be" with the market development, including the lauded produce hall and close to "Where the Light Gets in" (which is considered to be the most exciting restaurant outside of London) and the burgeoning market place. In January 2018 SMBC launched a bold and exciting range of opportunities offering investors, businesses and developers the chance to be part of the success underway in Stockport, the prospectus reinforcing Stockport's position as one of South Manchester's prime investment locations.
Rateable Value
Rateable value £5,300 per annum.
Planning
The premises may suit alternative uses such as bar/restaurant subject to permission as seems to be the current trend in these parts!
Possession
Vacant on completion, property will be bought "as is"
Who, When, Where?
Edward Mellor Auction
10th December 2019
Sheridan Suite, 371 Oldham Road, Manchester, M40 8RR
Bidding Procedure
If you are bidding for yourself you need to bring proof of ID: passport or driving licence, proof of address: bank statement, utility bill. Debit card, credit card, cheque book or banker's draft. Your solicitor's details.
If you are bidding on behalf of a Company, please bring the above ID (on condition you are a director) AND the certificate of incorporation for the company.
If you are bidding on behalf of another person/company please bring the above ID for both yourself AND the person/company who will be listed as the purchaser and a letter of authorisation from the purchaser for you to act and bid on their behalf.
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 www.edwardmellor.co.uk/auctions/buying-at-auction
There is a Buyer's Premium payable on every lot. These do vary so please refer to the legal pack for confirmation.
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
