Report a Fault 1/1a Little Underbank, Stockport, Cheshire, SK1 1LA
978 Sq Ft
£125,000
- Type: Retail, Investment
- Availability: Under Offer
Situation
The property is situated fronting the pedestrianised Little Underbank in the centre of Stockport. Population 291,775 (2021 Census). Occupiers in the immediate vicinity include Nat West, HSBC, Yorkshire Building Society, Nationwide Building Society, several restaurants and bars. Little Underbank leads to the junction of Great Underbank and Deanery Way connecting directly into the prime retailing area of Merseyway Shopping Centre.
Description
The property is 3 storey plus basement with brick front elevation. It was originally instructed in the late 19th Century but has been adapted and modernised in more recent times. It trades as Invasion.
Tenure Comments
The Property is Freehold. Let on a 10 year FRI Lease expiring 15 July 2030 at a current rental £10,000 pa payable monthly in advance.
Price
£125,000 equating to Gross Initial Yield 8%
Income
£10,000 pa
Inspection
Lucy Warriner
07903 092763
Lucy.warriner@fifieldglyn.com
The property is situated fronting the pedestrianised Little Underbank in the centre of Stockport. Population 291,775 (2021 Census). Occupiers in the immediate vicinity include Nat West, HSBC, Yorkshire Building Society, Nationwide Building Society, several restaurants and bars. Little Underbank leads to the junction of Great Underbank and Deanery Way connecting directly into the prime retailing area of Merseyway Shopping Centre.
Description
The property is 3 storey plus basement with brick front elevation. It was originally instructed in the late 19th Century but has been adapted and modernised in more recent times. It trades as Invasion.
Tenure Comments
The Property is Freehold. Let on a 10 year FRI Lease expiring 15 July 2030 at a current rental £10,000 pa payable monthly in advance.
Price
£125,000 equating to Gross Initial Yield 8%
Income
£10,000 pa
Inspection
Lucy Warriner
07903 092763
Lucy.warriner@fifieldglyn.com
