Poynton, 2-2A London Road

Property Type:
  • Investment
Tenure Type:
  • Under Offer
Space: 1,299 SqFt
Price: £340,000
Property Particulars: Property Particulars
Address:
2-2a London Road South, Poynton, Stockport, UK SK12 1QZ

Best bid proposals due by 12.00 pm on Wednesday 6th October 2021.

FOR SALE - Prominent single let commercial property investment. 1,299 sq ft.

LOCATION
The property is located in the heart of Poynton, a vibrant and popular town 5 miles south of Stockport and 7 miles north of Macclesfield. The town has a population of approximately 14,000 and has a number of great coffee shops, pubs and restaurants.

The town was significantly improved and regenerated in 2012 with major shared space improvements made to the town centre. Access to the town and the surrounding areas have also  improved with A6MARR (Manchester Airport Relief Road) now connecting the town to the A34 and the planned Poynton Relief road will further improve traffic flow in the town.

FLOOR AREA
Ground Floor: 749 sq ft
First Floor: 550 sq ft
Total: 1,299 sq ft NIA

DESCRIPTION
A ground floor Class E (Former Financial & Professional Services A2) estates agents with first floor offices. The property sits in one of the most prominent positions directly overlooking the cross roads of Poynton Roundabout London Road ( A523) and Park Lane. The property was substantially refurbished in 2017.

To the rear of the property there are 2 car parking spaces.

TENANCIES
The entire property was let on a Full Repairing and Insuring Lease to Hayfield Property Limited, Snape Estate Agents ( Bramhall ) Limited and Daniel Moore on a 10 year lease ending on 31st July 2017 until 30th July 2027.

The current rental is £21,000 pax there is a rent review in July 2022.

SALE PRICE
The price is £340,000 with reflects an attractive net initial yield of 5.96%, assuming normal purchasers costs.

TENURE
Long Leasehold 999 years from 29th September 1897.
Title no. CH140610.

RATEABLE VALUE
Ground Floor: £11,000

Contact Information
Phone: 01625 800066

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