Investment Opportunity for Auction Stockport SK1
A mixed use part let investment and development opportunity, comprising a Grade II Listed three storey retail and residential property of brick construction beneath pitched slate roofing. One double fronted retail unit is currently in shell form and requires redevelopment and refurbishment prior to occupation. The other ground floor retail unit is currently let to a beauty salon at £5,300p/a. Above and accessed via the rear there are 7 self contained flats detailing 3 x 1 beds and 4 x 2 beds. Four of the flats are currently let producing £41,100p/a. In addition, there is space above to convert to a 1 bed flat (subject to any necessary consents). The potential ERV once full let is approximately £105,000p/a.
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