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185-187 London Road, Hazel Grove, Stockport, SK7 4HJ

£500,000

£223.41 per sq ft

Business rates & charges may apply

MBRE, Stockport
SIZE AVAILABLE

2,238 sq ft

208 sq m

SECTOR

High street retail property for sale

Key features

  • Three storey mixed use investment premises
  • Ground floor commercial/upper floors residential
  • Commercial Leases/Residential AST’s
  • Subject to recent refurbishment works
  • Low commercial RV’s: £3,100 & £4,250 - No Rates
  • Council Tax band A for flats: £1,372.76 payable
  • Potential future add value opportunity
  • Total income: £37,800 - £500,000 - 7.6% yield.

Description

Description
The property provides a detached mixed commercial and residential use property of traditional construction with brickwork elevations under a pitched slate roof. 185 London Road provides a ground floor restaurant premises with separately accessed 2 bedroom first & second floor residential flat at 185a London Road. 187 London Road provides a ground floor commercial tattooist premises with separately accessed 2 bedroom first & second floor residential flat at 187a London Road.

185 London Road: 525 Sq.ft
Main sales: 353 Sq.ft.
Kitchen: 120 Sq.ft.
Corridor: 36 Sq.ft.
W.C: 16 Sq.ft.

185a London Road: 623 Sq.ft
First floor:
Shower room: 48 Sq.ft.
Kitchen: 158 Sq.ft.
Bedroom: 230 Sq.ft.
Second floor.
Front bedroom: 109 Sq.ft.
Mid room: 78 Sq.ft.
External staircase access.

187 London Road: 425 Sq.ft
Main sales: 219 Sq.ft.
Rear kitchen: 93 Sq.ft.
Rear Store/w.c: 113 Sq.ft.

187a London Road: 778 Sq.ft
Rear bedroom: 92 Sq.ft.
Kitchen/lounge: 230 Sq.ft.
Bathroom: 58 Sq.ft.
Corridor: 40 Sq.ft
Second floor:
Bedroom: 245 Sq.ft.

External staircase access.

Location
The property is located fronting London Road in the heart of Hazel Grove close to Sainsbury’s, Asda, McDonalds and KFC and a short drive to Stockport and the M60 Motorway.

- Stockport: 3 miles.
- J1 M60 Motorway: 3.2 miles.

Rateable Value
185 London Road Rateable Value: £4,250.
187 London Road Rateable Value: £3,100.
185a/187a London Road Council Tax: £1,372.76 payable.
Small Business Rates Multiplier 2023/24: 49.9p.
Interested parties contact SMBC - .

Price/ VAT
£500,000 SUBJECT TO CONTRACT.
VAT is not payable on the sale.

EPC Rating
Energy Performance Certificate available from Agents MBRE.

Utilities
Mains services are available including gas, electricity, water and drainage.

Tenancy Agreements
185 London Road: 02/11/16-02/11/36 to La Roberta restaurant for £12,000 pax - 5 year reviews.

185a London Road: Let on an AST for £9,000 pax/£750 pcm.

187 London Road: 08/04/22 - 07/04/25 to Rendering Specialists for £6,600 pax/£550 pcm.

187a London Road: Let 07/10/22 - 06/10/23 on an AST - £10,200 pax/ £850pcm.

Legal Costs
Each party to be responsible for the payment of their own legal costs associated with the sale.

Tenure
185 London Road: Freehold - Title Number: GM851099.
187 London Road: Freehold - Title Number: GM511162.

Conditions
Subject to Contract.

Planning
We understand the property benefits from E/C3 uses. Buyers to make their own enquiries.

Brochures

185-187 London Road, Hazel Grove, Stockport, SK7 4HJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hazel Grove Station0.2 miles
  • Woodsmoor Station0.9 miles
  • Davenport Station1.5 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 128355-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by MBRE, Stockport. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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