This freehold property presents a compelling investment opportunity, featuring three ground floor retail units currently generating an annual income of £46,950. The first and second floors offer significant development potential for conversion into residential flats, pending planning approval, making this an attractive prospect for both immediate income and future enhancement. The property is accompanied by a substantial rear parking area, enhancing its appeal.
The first unit at 200 Stockport Road consists of approximately 100 sq.m. (1,077 sq.ft.) with a current lease at £19,000 P.A. plus VAT until November 2027. The second unit at 202 Stockport Road covers around 89.8 sq.m. (967 sq.ft.) and is leased for £15,300 P.A. plus VAT with a term starting from September 2023. Lastly, the double fronted retail space at 204-206 Stockport Road spans about 51 sq.m. (550 sq.ft.), currently leased to a charity until 2028 for £12,650 P.A., exempt from VAT.
Additional features include basement storage options across the retail units and dedicated parking facilities at both the front and rear. The vacant office space located on the upper floors opens avenues for creative redevelopment to capitalize on residential demand in the area.
Prospective investors should note that full Energy Performance Certificates are available upon request, showcasing the property's efficiency ratings.
