MBRE are marketing an excellent investment opportunity in the heart of Stockport. Click here to take a look at the advert on their website.

The guide price is £1,195,000.

The opportunity is to purchase two ground floor tenanted commercial units plus the floors above with planning permission to convert into 10 flats (9 x one bed flats and 1 x two bedroom flat). The commercial units provide rental income of £33,000 per annum.

Market Place: 5,295 Sq.ft (Vendor Architect scheme) – former office accommodation with Architectural drawings to provide first floor 7 one bed flats plus circulation corridors totalling 3,422 Sq.ft and second/third floors 2 one bed flats and 1 two bed flat totalling 1,873 Sq.ft.

Flat 1 – 1 bed – 41 Sq.m.
Flat 2 – 1 bed – 44 Sq.m.
Flat 3 – 1 bed – 41 Sq.m.
Flat 4 – 1 bed – 37 Sq.m.
Flat 5 – 1 bed – 38 Sq.m.
Flat 6 – 1 bed – 37 Sq.m.
Flat 7 – 1 bed – 42 Sq.m.
Flat 8 – 1 bed – 39 Sq.m.
Flat 9 – 2 bed – 89 Sq.m.
Flat 10 – 1 bed – 46 Sq.m.

Subject to completion of the 10 flats, I would expect the rental income to be circa £85,000-£90,000 per annum collectively, dependant on the level of finish for the units.

This is an excellent investment opportunity in the heart of Stockport, give MBRE a call for further information on this opportunity. Should you be looking to invest in the Stockport area, give me a call on 07384810881.

Liam