Land for sale
Land and buildings on the north side of Gower Road, Hyde
- PROPERTY TYPE
Land
- SIZE
Ask agent
Key features
- TO BE SOLD UNDER AUCTION TERMS
- INCOME-PRODUCING LAND WITH GARAGES
- VALUE-ADD OPPORTUNITY
- DEVELOPMENT POTENTIAL (STPP)
- POPULAR AREA
Description
TO BE SOLD BY ONLINE AUCTION ON 11 TH FEBRUARY UNLESS SOLD PRIOR UNDER AUCTION TERMS.
Land and buildings on the north side of Gower Road, Hyde, SK14 5AD
A rare opportunity to acquire a freehold parcel of land extending to approximately 0.16 acres, with a block of garages, situated in a convenient and well-established residential location in Hyde. The site offers immediate income, with clear scope to increase returns, along with potential for future development, subject to the necessary consents.
The land currently comprises nine garages, with the majority let and generating a combined income of approximately £4,680 per annum. Several units are under-rented and one is currently vacant, presenting a clear opportunity for an investor to increase income through re-letting and rental uplift.
Comparable lock-up garages and storage units in the local and surrounding area are currently achieving rents in the region of £100–£150 per calendar month, highlighting substantial potential to enhance rental income upon re-letting and full optimisation.
Beyond the existing income stream, the site also offers long-term development potential in a popular and established location, subject to planning permission.
Land and buildings on the north side of Gower Road, Hyde
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hyde Central Station0.6 miles
- Newton for Hyde Station0.9 miles
- Godley Station1.0 miles
Notes
Disclaimer - Property reference EM-165119. 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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