397 Manchester Road, Stockport, Cheshire, SK4 5DH
£154.57 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,135 sq ft
198 sq m
- SECTOR
High street retail property for sale
Key features
- Tenanted Convenience Store & Large Vacant Flat
- Prime Position fronting Manchester Road
- Ground Floor Trading As Morrisons
- Includes Large Residential Flat
- 10 Year Commercial Lease
- Thriving Location
Description
A substantial corner property that is situated at the junction of Manchester Road and Abney Road within Heaton Chapel Village Centre.
Heaton Chapel is a popular residential area 2 miles to the north of Stockport Town Centre.
Description
We are delighted to offer for sale a substantial primely located roadside, convenience store investment, with residential refurbishment opportunity.
The ground floor is currently let to Alliance Property Holdings Limited trading as Morrisons.
The residential element comprises its own entrance door on Abney Road and provides substantial first floor accommodation that is in need of refurbishment, potentially as a large single flat or multi-occupancy STP.
There is a small yard for loading at the rear.
The property offers an excellent "Value Add" opportunity. The commercial element rent is just £7.50 psf overall and clearly there is obvious rental growth at rent review, which we understand is in 2029. The first floor provides a residential development opportunity and benefits from immediate vacant possession.
Tenancy Information
397 Manchester Road is let to Alliance Property Holdings Limited on a tenants effectively full repairing and insuring basis for a term of 10 years, with a rent review understood to be in 2029 and no breaks, at a current rent of £16,250 per annum.
2 Abney Road is large vacant residential flat that is in need of upgrading.
Asking Price
The entire property is available at an asking price of £330,000 plus VAT.
Brochures
397 Manchester Road, Stockport, Cheshire, SK4 5DH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Heaton Chapel Station0.2 miles
- Reddish South Station0.9 miles
- Levenshulme Station1.3 miles
About Morgan Williams Commercial LLP, Warrington
720 Mandarin Court Centre Park Warrington WA1 1GG
As one of the longest established and best known professional Chartered Surveyors and Commercial Estate Agents in Warrington, we take pride in offering a quality service throughout Warrington, Leigh, Cheshire, Merseyside and surrounding areas.
Morgan Williams Chartered Surveyors has built a reputation of providing quality service to a growing client base of corporate, local authority and private customers. We can advise on various aspects of commercial property. In addition to sales, le
Notes
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