Cheadle, 161 & 161A Councillor Lane

Property Type:
  • Investment
Tenure Type:
  • To Buy
Space: 1,301 SqFt
Price: £225,000
Property Particulars: Property Particulars
Address:
161 & 161A Councillor Lane, Cheadle SK8 2JE

For Sale - mixed use incoming producing investment. 1,301 sq ft.

LOCATION
Councillor Lane is a predominantly residential area with a central retail parade serving the local population. The subject property occupies a prominent position on the parade with ample customer parking immediately opposite the retail unit.  The parade is home to a wide range of retailers including; convenience stores, grocery stores and hairdressers.

Cheadle Village is a short walk from the property offering further retail, food and drink amenities.

Junction 2 of the M60 is within close proximity of the property providing access to the Greater Manchester region and motorway network.

DESCRIPTION
The ground floor retail unit is currently let for a term of 5 years from February 2020, paying £9,000 per annum.

The first-floor residential dwelling is currently let on an Assured Tenancy at £5,400 per year. The tenant is currently holding over.

The shop comprises of one large retail area, currently utilised as discount retailer store. Towards the rear of the shop there is a small kitchenette, WC and large storeroom.

The first-floor dwelling consists of a two-bedroom apartment with spacious living fully equipped kitchen and bathroom.

A small courtyard to the rear provides access to retail property and flat via an external staircase.

FLOOR AREAS
Ground Floor : 687 sq ft
First Floor: 614 sq ft
Total: 1,301 sq ft

TENURE
Freehold. Title no: GM686343

ASKING PRICE
£225,000

 

Contact Information
Phone: 01625 800066
Board Reference Number: A1013

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