Residential Development for sale

Mottram Street, Stockport, Cheshire, SK1 3PA

5,766 sq. ft. | £295,000

Property Description

Commercial information

  • 5,766 sq ft (535 sq m)

Key features

  • Part Let Industrial Investment - Future Development Plot
  • Currently producing 12,000 per annum
  • Potential to increase to 24,000 per annum exclusive once fully let
  • Located adjoining The Town House and The Citadel Johnnie Johnson Housing Trust residential developments on Middle Hillgate
  • Owner occupier or development opportunity available

Full description

LOCATION:
From Mersey Square in the centre of Stockport travel towards Hazel Grove along the main A6 Wellington Road South. After a short distance turn left at the traffic light junction with Stockport Town Hall on the left hand side onto Edward Street and right at the next set of traffic lights onto Middle Hillgate. Mottram Street is the second turning on the right hand side. The property is located after a short distance on the left.

The property occupies a convenient position close to Stockport town centre and provides an opportunity to redevelop the site for high rise residential living accommodation.

DESCRIPTION/CONSTRUCTION:
An older style single storey industrial/warehouse unit with adjoining two storey workshop and offices.

The property is of traditional construction with full height brickwork elevations.

The building fronts onto Mottram Street and has a separate access to the rear of the premises.

The Hillgate area is going through a period of regeneration. Adjoining properties have been developed for a mix of commercial and residential purposes and the subject property would be suitable for redevelopment.

ACCOMMODATION:
Front Section:- 3,000 sq.ft. (278.7 sq.m.) currently sub-divided to provide workshop and office area.

Rear Section:- 2,766 sq.ft. (256.9 sq.m.) currently sub-divided to provide workshop areas at ground floor level and storage/potential office accommodation at first floor.

SERVICES:
All mains services are available to the property including three phase and single phase electricity, gas, water and drainage.

TENURE:
We understand the property is freehold and free from chief rent.

TENANCIES:

Front Section:-
The front section of the property is let to Hillgate Precision Engineering Limited for a term of 3 years at a rental of 12,000 per annum.

Rear Section:-
The rear section is currently vacant. It is anticipated that the property would let at a rental of 12,000 per annum.

Current/projected Income:-
Current rental - 12,000 per annum
Projected income once fully let - 24,000 per annum.

PRICE:
295,000 subject to contract.

VIEWINGS:
Viewings will be undertaken strictly by appointment with the Agents IMPEY & COMPANY on 0161-477-0444

WEB SITE:
Visit Impey & Company web site at:
www.impey.co.uk

POSSESSION:
Possession is available upon completion of the legal formalities.

IMPORTANT NOTE:
i) It should be noted that all prices and rentals quoted within these details are exclusive of Value Added Tax.

ii) An EPC will be provided as soon as it is available.

iii) The Code of Practice on Commercial Leases in England and Wales strongly recommends that a prospective tenant obtains professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through the web site: www.bpf.org.uk

PLEASE NOTE: Impey & Company Limited for themselves and for the vendors or lessors of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract (ii) all descriptions, dimensions, reference to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (Iii) no person in the employment of Impey & Company Limited has any authority to make or give any representation or warranty whatever in relation to this property.

OUR REF: O6





More information from this agent

Nearest stations

  • Stockport (0.3 mi)
  • Davenport (1.1 mi)
  • Woodsmoor (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Impey & Company Limited, Office & Industrial

88 Lower Hillgate, Stockport, SK1 3AL

0161 468 1485 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stockport (0.3 mi)
  • Davenport (1.1 mi)
  • Woodsmoor (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Impey & Company Limited, Office & Industrial

88 Lower Hillgate, Stockport, SK1 3AL

0161 468 1485 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference mottram1. 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 Impey & Company Limited, Office & Industrial. 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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