Mixed Use
High-yielding mixed-use investment within Stockport hotspot.
The property is situated on Lower Hillgate, one of Stockport most popular locations and consists of an occupied ground floor commercial unit(hairdressers) and two tenanted self-contained flats above. The immediate area is occupied by many fashionable local traders focussing on award winning food, fashion, art and music. The Sunday Times recently dubbed Stockport one of the coolest little corners of the country. Manchester City Centre is approximately seven miles to the north and public transport links include Stockport Mainline Rail Station together with a network of local bus services as well as road links including the M60 Motorway. Recreational pursuits include Woodbank Memorial Park to the east with the River Goyt to the north. The property is fully occupied producing a current annual income of circa £17,400 per annum.
Good sized shop/commercial area with kitchen and WC facilities, currently used as a hairdressers which has been in situation for over six years.
One bedroom apartment, comprising of lounge/kitchen area, internal hallway, double bedroom, bathroom with shower. There are sash windows to front and rear elevation. Currently let at £525 per calendar month.
One bedroom apartment, comprising of lounge/kitchen area, internal hallway, double bedroom, bathroom with shower. There are sash windows to front and rear elevation. Currently let at £525 per calendar month.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
