This property has just been brought to the market by local commercial agent, Buckley & Co. The property is currently set up as offices over three floors, however, there looks to be potential to convert the first and second floors into residential units, leaving the ground floor as commercial (Subject to any consents).
The lovely looking building conveniently located on High Street, within walking distance of Stockport Town Centre, Redrock, Stockport Exchange, and both Stockport Train and Bus stations.
Follow the link here to the listing on Buckley Commercials website
I have another great investment for you this week, and this one is quite unusual as it comes complete with all the furniture, so you literally just need a tenant to move straight in! The property is on Lowfield Road in Shaw Heath, Stockport which has great access to lots of local schools, is within walking distance to Edgeley Town Centre and to Stockport Train Station. The property is located on the top two floors of a terrace house and comprises of two double bedrooms on the first floor along with a contemporary bathroom, then on the second floor, the loft area has been converted into an open plan kitchen living area. The property is in a very good condition and would most definitely appeal to tenants looking to rent in the area. The property is on the market at £99,950 and would rent for between £625pcm and £675pcm which would give you a yield between 7.5% and 8.14%.
The property is on the market with us here at Julian Wadden Estate & Letting Agents, so please feel free to give us a call to arrange a viewing on 0161 474 8668 or if you would like any more advise on rental properties, investment opportunities or such like then please feel free to contact me on the number above or at email@example.com.
Proposals by developer Lane End to convert the Battersby Hat Works in Offerton into 144 homes have been granted planning permission by Stockport Council.
The project on what is currently known as Offerton Industrial Estate includes the demolition of several industrial buildings and the redevelopment of two larger buildings on the site, fronting Hempshaw Lane.
The former hat works will be converted into 45 homes, including 16 apartments, 15 houses, and 13 mews homes, while a feature water tower will also be retained. There will also be 99 new-build homes, with a mix of 48 two-beds, 33 three-beds, and 11-four beds, alongside seven two-bed mews houses.
Working in partnership with housing association Stockport Homes, 55 of the houses will be brought forward for market sale, while 79 will be for shared ownership and 10 will be for affordable rent..
I have another spectacular investment for you! This time in Lisburne Close in Offerton, Stockport, SK2. The property is immaculate throughout, has a modern kitchen and the owner has used a neutral colour pallate throughout to decorate the property, so there would be no work to do before the property was ready to be let out. The property is over three levels with two good sized double bedrooms on the top floor, a large bedroom, bathroom and reception room on the first floor and a large modern kitchen on the ground floor with WC. There is also a garage on the ground floor, which could in time be made into a reception room then the reception room on the first floor converted to a bedroom, making the property a fantastic 4 bedroom property with a fantastic yield!
As the property is at the moment, I believe that this could be rented out for £795pcm which would give you a yield of 6.36% as the asking price is £145k which is fantastic! With the works completed and the property being a 4 bedroom property in the future, the rent could be in the region of £875pcm which would be a yield of 7%… amazing!
For more information on this property or if you are looking for an investment property in the area then please do not hesitate to contact me on 0161 474 8668 or email me on firstname.lastname@example.org.
More great news as Stockport is ranked as the fastest growing economy in the North West, once again highlighting our town’s position as a leading business location.
The UK Powerhouse study is produced by Irwin Mitchell and the Centre for Economics and Business Research (Cebr). It provides an estimate of GVA growth and job creation within 45 of the UK’s largest cities 12 months ahead of the Government’s official figures. The latest report revealed that Stockport was the top location in the North West in terms of GVA growth during the last quarter of 2017. In contrast, Manchester and Greater Manchester recorded GVA growth rates of 1.2%, while Liverpool only registered growth of 0.7%.
The study also considered the future prospects for all of the major conurbations in the UK, with Stockport expected to once again register growth of 1.3% .
The introduction of the EU-wide General Data Protection Regulation (GDPR) is a just over a month away, and the legislation will require landlords to process tenants’ personal data more rigorously and securely than many of us are used to.
Let’s start with the obvious: GDPR wasn’t designed with private landlords or people with second homes in mind. It was drafted to tackle some of the more egregious uses of personal data by tech giants such as Google and Facebook.
I have been speaking to my Landlords for a long time about investing in the residential area close to Portwood Roundabout, the M60 link and the Peel Centre. Why!? I hear you ask. Well, in this region the property prices have not gone through the roof like they have in Edgeley (SK3) so you can still find a two bedroom terrace in good condition for £120k, which you will no longer find in the Edgeley area. In terms of rental price you would still be looking at the same per calendar month, which means one thing and one thing only – a better yield; and lets be honest that is what a Landlord is looking for when thinking of purchasing a potential investment property!
So, here is another fantastic opportunity in Charlotte Street, SK1. The property has two very good sized double bedrooms on the first floor as the bathroom is downstairs on the ground floor. This is not something to be concerned about and will not put tenants off. The advantage to having the bathroom downstairs is that you have two equal sized, large, double bedrooms which a lot of tenants are actually looking for. Also on the ground floor are two reception rooms, a kitchen, the bathroom as mentioned and then access out onto a garden at the rear.
The property does look as though it needs some cosmetic improvements and one thing I have noted is that it looks as though it requires new carpets throughout. With this in mind and a potential rental income of £650pcm this would give you a healthy yield of 6.5% which is excellent!
For more information on this property or if you are looking for a property in the area and would like some assistance in finding it then do give me a call on 0161 474 8668 or email me at email@example.com.
Over the next few weeks I am going to be taking you on tour around a property on Charlotte Street in Stockport in a ‘Homes Under the Hammer’ style video. I have worked with these investors to source this property which was on the market with us for £125,000 and now that the sale is complete we are looking at refurbishing the property to get it ready for lettings and getting the Landlords the best yield possible. I will be keeping you up-to-date with the progress we are making, so stay tuned!
For more information on this property, or if you are looking for an investment opportunity too then give me a call on 0161 474 8668 – Gemma Lowe, Lettings Manager, Stockport Exchange
Over the next few weeks I am going to be taking you on tour around a property on Charlotte Street in Stockport in a 'Homes Under the Hammer' style video. I have worked with these investors to source this property which was on the market with us for £125,000 and now that the sale is complete we are looking at refurbishing the property to get it ready for lettings and getting the Landlords the best yield possible. I will be keeping you up-to-date with the progress we are making, so stay tuned! For more information on this property, or if you are looking for an investment opportunity too then give me a call on 0161 474 8668 – Gemma Lowe, Lettings Manager, Stockport Exchange
The property, which was formerly the Olde Woolpack Pub, is situated adjacent to Junction1 of the M60 Motorway at Brinksway (A560), opposite The Pyramid Office Building and within five minutes walk of Stockport town centre.
On the market with a Guide Price of £265,000, it has the potential to be a good commercial to residential investment, subject to the correct planning and permissions.
Click here to see the property in more detail on the selling agent, Impey & Co’s, website…