, London Road, Hazel Grove
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
11
- BATHROOMS
6
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- TO BE SOLD UNDER AUCTION TERMS
- Mixed-use Freehold Block of 6 Apartments
- Immaculate Condition - Ready for Let
- Private Balconies and Allocated Parking
- GDV estimate: £1,020,000 - £1,080,000
- Well-Connected Location in Hazel Grove
Description
TO BE SOLD BY ONLINE AUCTION ON 23rd JULY 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
53 London Road, Hazel Grove, Stockport, SK7 4AX
** VIRTUAL VIEWING AVAILABLE **
A rare and substantial freehold opportunity in the heart of Hazel Grove, this mixed-use block comprises a ground-floor commercial unit, sold subject to a 999-year lease at a peppercorn ground rent, providing no income to the freeholder and 6 residential flats equalling 11 bedrooms on the upper floors with excellent rental income potential. The residential element includes five two-bedroom apartments and one one-bedroom apartment. All units benefit from private balconies and allocated parking spaces.
The residential accommodation is presented in immaculate condition throughout and is ready to let immediately. With all six apartments currently vacant, the block offers a turnkey investment opportunity with no refurbishment required. Estimated rental income when fully let is approximately £6,500 per calendar month (£78,000 per annum), with one-bedroom units expected to achieve around £1,000 pcm and two-bedroom units around £1,100 pcm. The estimated combined GDV of the apartments is in the region of £1,020,000 – £1,080,000.
The purchaser will acquire the freehold interest in the entire building, including the reversionary interest in the commercial unit (albeit effectively nominal due to the long lease) and the freehold reversion to the 6 flats. Please refer to the legal pack for further details.
This arrangement is an agreement for lease leading to the grant of a 999 year lease with peppercorn rent and yields no income to a potential purchaser.
Located on the A6 through Hazel Grove, the property benefits from excellent visibility and strong access to local amenities. Hazel Grove Train Station, Stockport town centre, and the M60/M56 motorway network are all easily accessible. The area also offers major supermarkets (ASDA, ALDI, and Sainsbury’s), well-regarded schools, and convenient access to surrounding countryside, including the Peak District.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street,Private
- GARDENA property has access to an outdoor space, which could be private or shared.
- Terrace
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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, London Road, Hazel Grove
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Visit our security centre to find out moreDisclaimer - Property reference EM-162765. 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 Edward Mellor Ltd, Auction. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edward Mellor Ltd, Auction on 0161 524 2443.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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