Yieldit are proud to bring to the market this exciting investment opportunity, consisting of two separate residential and commercial properties, yielding a fantastic 4.65% net but with plenty of scope for increase. One property has been converted into commercial office use, divided into two self-contained units, the ground floor is let to an established home care company. The first floor, which is a fully functional separate office space is currently not let out, but only due to it being used for private business use by the selling entity. The other property is a charming terraced house, containing a spacious living area; fully-fitted kitchen; a large double bedroom; a single bedroom and family bathroom. To the rear, each property has a paved yard, and each has a brick outhouse for storage.
The properties couldn’t be situated in a more convenient location for both a commercial premises and residential property, located in the well regarded and popular area of Hazel Grove in Stockport, Greater Manchester. The area is surrounded by unrivalled commuter links, an abundance of shops, bars and extensive recreational facilities such as those which can be found at the scenic Torkington Park. The A6 is close by which provides easy access to Stockport Town Centre and Manchester City Centre with Hazel Grove train station offering fast and frequent services to the city and several other destinations.
Stockport is an ideal location for property investment, it’s a sought-after place to live thanks to the quality of life on offer and an extremely popular business base, being home to over 13,000 businesses it’s a key driver in the Greater Manchester economy. It has a workforce of over 124,000 people meaning there is always going to be a strong demand for rental properties in the area from employees of the many thriving businesses and big employers such as Stepping Hill Hospital.
Financial Breakdown
Gross rent: £17,440
Service charge: £3,500
Net income: £13,940
Gross yield: 5.81%
Net yield: 4.65%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-07011
