Impey currently have for sale via auction a large, six storey office building with car park. There is huge potential for re-development with this site, subject to planning, with potential for 30+ apartments to be built. This would make an excellent addition to the ever growing Stockport property market and a nice return on investment. The site is Petersgate House.
The development is listed at a guide price of £1.7 million, selling via auction with an end date of 28th Jan. Click here for the link to the site.
I would expect one bedroom apartments in here to return around £725 rent and two bedrooms to achieve circa £850-£900 rent. The large car park is an added bonus to the site with parking becoming more and more lucrative in the area.
Give me a call should this development be of interest and if you would like any further advice. If this is of interest, register your interest directly through Impey.