stockport property blog

(covering SK1, SK2 and SK3)

Business Investment into Stockport at an all time high!

Business investment into Stockport is at an all-time high, with deals on over one million square foot of commercial space completed during the past 12 months.

Creating 2,060 new jobs and ensuring another 952 stay in Stockport for the future, the news comes as the town continues to undergo an exciting £1 billion transformation that reinforces its position as a leading business location.

The decisions made by companies to seize the opportunities Stockport offers means the future use of one million sq ft of office, retail and industrial space has been secured over the past year.

Companies choosing to invest in Stockport have included Advanced Laser Technology who moved to Reddish from Manchester; Prince’s Street dessert restaurant Creams and LSH Auto who are investing £60 million into a new Mercedes-Benz dealership and regional hub. A number of local companies have also chosen to expand their business here in Stockport including Rowlinson Knitwear, Wheatley Plastics, CDL and O’Neill Patient Solicitors.

At the same time, new developments across Stockport town centre are quickly filling up.

Eight out of Aurora Stockport’s ten units are already let with many of the businesses moving in choosing Stockport for the first time. Since November, The Light Cinema, Zizzi, PizzaExpress, Berretto Lounge and The Gym Group have all opened at Redrock, and are trading ahead of expectations. Redrock is proving so popular that the Light Cinema welcomed their 200,000th guest recently.

Stockport Exchange, the town’s new award-winning business district has also proven to be a phenomenal success. The first office building, One Stockport Exchange was fully let within just six months to Stagecoach and musicMagpie, who were looking for the perfect locations from which to grow their business. The new Holiday Inn Express is also proving exceptionally popular.

Stockport’s strong investment performance has seen the town placed in the top 10 locations nationally for office occupier investment by “CoStar 50”, as well as the fastest growing economy in the north west in the recent UK Powerhouse report.

 

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*open house* tomorrow at this fantastic investment property on stream terrace, sk1

Hello Readers,

I love to keep you up to date with properties on the market that I think would be great buy-to-let investment opportunities and this property on Stream Terrace is no exception.  The property is immaculately presented throughout and it is in very good condition.  It is available to purchase for £145,000 and I believe that it would rent for £725pcm.  This would give you a yield of 6% which is very healthy.

I also think its a great opportunity as the property needs no work at all.  It boasts two good sized double bedrooms (not one double and one single), a modern bathroom, a lovely open plan kitchen living area with a modern kitchen and french doors opening onto a well presented lawned garden with new fencing and a matching shed.

If you would like to view this property with us, then we have two slots that have opened up tomorrow for our open house, so do not hesitate give us a call on 0161 474 8668 and arrange a viewing.

HAPPY INVESTING, Gemma Lowe

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Work on new Town Centre Bridge link begins

Work creating a new direct link road bridge across the River Mersey has begun in Stockport town centre.

Linking Swaine Street with Astley Street, just east of Stockport viaduct, the new 38 metre Mersey Bridge will provide a two-way link for buses, taxis, cyclists and pedestrians between the A6 and the planned transport interchange via Heaton Lane, making it easier for passengers to change between different stages of their journeys.

Funded as part of the Greater Manchester Growth Deal programme, the bridge is the first stage of preparatory works for the town centre’s new transport interchange.

Having successfully won the bridge contract last year, construction firm Osborne has now begun work on-site. Over the coming months the contractor will be carrying out ground investigation, excavations and piling of foundations ahead of the bridge’s steel beams being lifted into place and the construction of the bridge itself.

Mersey Bridge is due to open to traffic in 2019.

 

 

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Stockport Exchange named as Commercial Development of the Year at RICS awards!

Phase 2 of Stockport Exchange has been voted as the Commercial Development of the year. RICS judges said the buildings have rejuvenated a tired and under-used leisure scheme into an attractive and vibrant new commercial quarter, and brought employment to over 250 people.

Read more and find out all of the winners here…

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Battersby Hat Works on Hemshaw Lane in Offerton secures planning consent and is set to be transformed

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..

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Blossoms claim to be ‘talking to Netflix’ about their own TV show

Stockport band Blossoms have teamed up with Early Doors stars Craig Cash and Phil Mealey as they bid for their own Monkees-style TV show.

In an interview with the Daily Star, band singer Tom Ogden said: “We’ve met up with Craig and his writing partner Phil Mealey as they love all the little video films we’ve done.

“We love Early Doors, the pub sitcom Craig and Phil wrote which was set in Stockport.

“Our comedy is going to be like The Monkees meets The Royle Family.

“We’re talking to Netflix – it’ll be the first Netflix show set in Stockport if it comes off.”

Read the full article here…

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welcome to harriet

Welcome to Harriet who has joined our busy Stockport team as a Saturday Professional viewer.

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Coming to the Plaza this Saturday – Milton Jones is Out There!

In his brand new show, which takes place at The Plaza in the heart of Stockport on Mersey Square on Saturday 28th April, he’ll be putting his foot down and lifting the lid on the pedal bin of lies of the media.

He will also be scaling the heights of fashion at the risk of falling into a terrible cravat. Milton will be talking about his life so far – the ups, the downs and why buying his own see-saw was the best decision he ever made. But perhaps he should give all this up and seek the highest office in the land – but how do you get a desk and a swivel chair up a mountain? Oh and now he wants to be Prime Minister too. Can we do worse than the politicians we already have? Yes we can!

Tickets for Milton Jones Is Out There at The Stockport Plaza can be purchased in person from The Plaza Box Office on Mersey Square, by calling our Booking Line on 0161 477 7779 or by visiting The Plaza web site on www.stockportplaza.co.uk

 

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Stockport Exchange – works on the next phase of Stockport Exchange is set to start this week

Work on the next phase of Stockport Exchange will start on site this week with the announcement that ADM Regeneration has been appointed to demolish the former Cineworld cinema.

Over the coming weeks, the site at the heart of Stockport Exchange will be cleared by contractors paving the way for work to begin on the next office building at the award-winning business district.

Read the full update here…

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another fabulous investment property with a 6% yield in offerton, stockport, SK2!

Hello Readers!

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 stockportlettings@julianwadden.co.uk.

Gemma Lowe – Lettings Manager

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