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Shaftesbury Road, Cheadle Heath, Stockport

Key features

  • INVESTMENT OPPORTUNITY
  • FULLY LET FOR £1375 PCM
  • GROSS YIELD 6.73%
  • BRILLIANT LOCATION
  • OFF-ROAD PARKING
  • LARGE CORNER PLOT
  • POTENTIAL TO CONVERT
  • NO ONWARD CHAIN

Description

An amazing INVESTMENT OPPORTUNITY to acquire a well positioned retail unit with separate living space above. Fully let for a combined £1375 PCM and offering a strong GROSS YIELD OF 6.73%, this property offers a great return. The property features ample off road parking, side and rear gardens, and it is also conveniently located for local shops and supermarkets. NO CHAIN.

Exciting Investment Opportunity -

An exciting opportunity to acquire a retail unit with additional rooms to the rear, handy cellar storage below, and a self contained apartment above (fetching a combined £1375pcm and providing a gross yield of 6.73%).

Altogether an exciting proposition for those looking for investment and potential development opportunity at a realistic price!

This popular area benefits from a wonderfully convenient location, with local schools, leisure centre and supermarkets on the doorstep. The motorway is less than a mile away, the main Manchester to London rail line is a short distance away, whilst the international airport is just over six miles away.

Important note: Potential buyers should establish beforehand whether their preferred lender will make an advance on this purchase.

Ground Floor -

Front Room - 5.28m x 4.17m (17'4 x 13'8) - Maximum measurements.
Double glazed windows to front and side elevations, canopied entrance with pvc double glazed entrance door. Radiator. Doorway to potential dining room, further door to inner hall.

Hallway - Access to steps down to the basement cellar. Door giving access to the hallway of the apartment above.

Rear Retail Room 1 - 3.23m x 1.88m (10'7" x 6'2") - Double glazed window to the side elevation, open to kitchen area. Base units and shelving. Currently used as a hair wash/treatment area.

Rear Retail Room 2 - 2.62m x 1.98m (8'7" x 6'6" ) - Double drainer stainless steel sink unit with mixer tap, cupboard below. Work surfaces, wash hand basin. Currently used as a hair wash/treatment area.

Kitchen - 9'8" x 9'0" - Tiled floor, double glazed window to rear of the property, door to downstairs washroom and rear garden. Currently used as utility room/kitchen space, housing a single drainer stainless steel sink unit with mixer tap and cupboard below, work surfaces and shelving.

Washroom - Pedestal wash hand basin. Inner hallway with door to back garden. Door to separate WC. with low level WC; Double glazed window to the side elevation, wall mounted Rinnai boiler.

Basement -

Chamber One - 3.96m x 3.18m (13'0" x 10'5" ) - Open access to chamber two.

Chamber Two - 4.29m x 1.57m (14'1" x 5'2" ) - Steps down from ground floor, open access to chamber one.

First Floor Apartment -

Entrance Hall - Private ground floor entrance. Pvc double glazed entrance door, double glazed window with obscure glass, lobby area, stairs to first floor apartment. Door giving access to the commercial ground floor premises (can be reinstated for access).

Lounge - 3.58m x 3.15m (11'9" x 10'4" ) - Double glazed window to the front elevation, central heating radiator.

Kitchen - 2.34m x 1.75m (7'8" x 5'9" ) - Fitted kitchen with a range of units comprising: Bowl and a half single drainer stainless steel sink unit with mixer tap. Base, drawer and eye level units. Recess for an under unit fridge/freezer. Built in electric oven, four ring gas hob with extractor over. Work surfaces with tiled splashbacks. Double glazed window to the front elevation, central heating radiator, loft access hatch.

Bedroom - 3.78m x 3.20m (12'5" x 10'6" ) - Double bedroom. Double glazed window to the rear elevation, central heating radiator, fitted bedroom furniture. Boiler.

Shower Room - 2.34m x 2.06m (7'8" x 6'9" ) - Modern white suite comprising: shower cubicle with Aquatronic shower, pedestal wash hand basin, low level WC. Plumbed for an automatic washing machine. Fully tiled walls, double glazed window with obscure glass to the rear elevation, central heating radiator, electric chrome heated towel rail. Built in storage cupboard.

Outside - Large tarmac forecourt to the front and side of the property which the current owners use for parking two cars. Side gate area giving access to the rear garden. Small front garden area to the apartments private entrance

Rear And Side - Enclosed, predominantly lawned garden with numerous plants, shrubs and trees. Double timber gates and fenced and hedge boundaries, gate to front elevation. Shed to the side of the property.

Lease Details:

Ground Floor Retail Unit - Rented at £550.00 pcm to HVN Hair Artistry on a 3 year term, until May 2028.

First Floor One Bedroom Flat - Rented at £825.00 pcm for 1 year until June 2026 (this will become periodic/rolling from 1st May 2026).

Brochures

Shaftesbury Road, Cheadle Heath, Stockport
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.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
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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Shaftesbury Road, Cheadle Heath, Stockport

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About Joules Estate Agency, Heaton Mersey

450 Didsbury Road Stockport SK4 3BS
Industry affiliations:

Joules Estate Agents were established in 1966, and since being taken over by Clive Tattersall in 1985, have successfully sold over 4500 properties worth a total value approaching £4.5 billion.

Affordability

Monthly repayments£1,118
Property: £ 245,000
Deposit: £ 24,500
Interest rate: 4.5%
Term: 30 years
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Disclaimer - Property reference 34562921. 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 Joules Estate Agency, Heaton Mersey. 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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