Lancashire Properties are delighted to present this EXCELLENT INVESTMENT OPPORTUNITY with a TWO STOREY ground floor commercial premises and first floor flats for sale located on Reddish Road, Stockport, SK5. The property is excellently situated on MAIN REDDISH ROAD, a primary commuter route linking Hyde Road, Gorton to Stockport. Benefits from being established within a busy shopping parade amongst retail outlets and takeaways. Excellent pedestrian flow through the area as it is within close proximity to Reddish South Station, Reddish Vale Country Park, and various local schools providing excellent footfall.
Briefly comprising of a barber shop & takeaway on the ground floor whereas the first floor flats comprises of a Reception Rooms, Two Bedrooms, Kitchens and a Bathrooms. Access to the flats is from the rear via a shared rear yard/forecourt which is also used for private parking and/or deliveries. Public car parking space is available on the main road. Recently established barbers and with a two bed flat, whereas the takeaway occupies the whole building, is an attractive opportunity for investors looking to upgrade their rental portfolio. Lease for the barbers is until August 2026 with a review at the end of the third term at £9600.00 pa, whereas the takeaway is on a 25 year term from 2004 at £13,000.00 pa.
335 Reddish Road, SK5
Use: Retail (Class E)
Floor Area: 56m2
EPC Rating: C
Term: 5 years from August 2021
Rent: £9600.00 per annum
Review: Upon 3rd anniversary of the term
335a Reddish Road, SK5
Floor Area Approx: 56m2
EPC Rating: E
Rent: Previously rented at £800.00 PCM
337 Reddish Road, SK5
Floor: Ground and First Floor
Use: A5 Takeaway
Total Floor Area Approx: 114m2
Tenant: Canadian Charcoal
Term: 25 years from 2004
Rent: £13,000.00 per annum
Review: Rent currently under review with a proposal of of £18,000 per annum.
Viewing highly recommended! Book now to avoid any disappointment!
The above property details should be considered as a general guide only for prospective purchasers. Lancashire Properties does not have any authority to give any warranty in relation to the property.
We would like to bring to the attention of any purchaser that we have endeavoured to provide a realistic description of the property, no specific survey or detailed inspection has been carried out relating to the property, services, appliances and any further fixtures and fittings/equipment.
If double glazing has been stated in the details , the purchaser is advised to satisfy themselves as to the type and amount of double glazing fitted to the property.
We recommend all buyers to carry out their own survey/investigations relating to the purchase of any of our properties.
The mention of any appliances and/or services within these sales particulars does not imply they are in full and efficient working order.
While we endeavour to make our property details accurate and reliable, if there is any point, which is of particular interest to you, please contact the office and we will be pleased to check the information.