- Business ID:2895
- Price: £1,400,000
- Annual Turnover: £90,240
- Business Category: Investment Property
- Location: Greater Manchester
- Tenure: Freehold
- Living Accommodation: Yes
- EPC Rating: Not Applicable
Sovereign Business Transfer are delighted to bring to the market an Investment Portfolio comprising of six commercial units, three of which have additional living accommodation, five self-contained flats and a storage yard, which are all occupied generating a total annual income of circa £90,240.This is a fantastic opportunity to acquire a fully let income producing parade in a thriving shopping district.
The commercial units are currently generating £60,480 per annum and the residential flats are generating £29,760 per annum. Total income is £90,240 per annum. The vendor is seeking £1.4m for the freehold titles which are mortgage free.
The commercial leases are relatively historic, with the majority of tenants holding over. This however, is an ideal opportunity to renegotiate lease renewals and increase the passing rents.
The residential flats are well maintained and are all let on AST’s (1 year rolling over contracts). With the promised investment to regenerate the town centre and surrounding areas, the average house and commercial values continuing to rise, there’s no doubt that Stockport is an attractive place for investment going into the future. Between 2019 and 2021 the Stockport postcode saw the highest increase in online searches for homes and commercial properties to rent or buy with a 31% rise annually.
This investment portfolio priced at £1,400,000 is bound to attract property investors, viewing therefore comes highly recommended.
- Business ID: 2895
- Established Investment Portfolio
- A Thriving Rental Market
- Prime Sought After Location
- Genuine Reason For Sale
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