This is a tenanted freehold retail building offering a robust income of £20,000 per annum, providing a solid investment opportunity. Spanning approximately 1,225 m² (13,185 sqft) across ground and upper floors, the property is currently leased to Poundstretcher Limited until November 2027. The current tenancy structure allows for potential short-term gains through re-letting or repositioning once the lease concludes. Additionally, there is an exciting redevelopment prospect, as the property holds outline planning permission from Tameside Council for a three-storey scheme featuring 21 residential apartments and a food hall on the ground floor. This presents an excellent chance to enhance the asset's value in a growing urban environment.
Situated in Hyde town centre, just 7 miles east of Manchester and benefiting from strong transport links and nearby amenities such as Clarendon Square Shopping Centre, this location supports both commercial and residential demand. With ongoing regeneration efforts in the area poised to increase foot traffic and improve local infrastructure, this property not only provides immediate rental income but also significant long-term investment potential.
