Freehold Commercial Investment Property With Accommodation For Sale Stockport

Sovereign Business Brokers Limited are delighted to bring to market this attractive freehold commercial investment property, located on the well-established and popular Castle Street in Edgeley, Stockport.

The property comprises a ground-floor commercial/retail unit with self-contained one-bedroom living accommodation above, together with valuable off-road parking to the rear for approximately 3/4 vehicles. This is a significant benefit in this location, where parking can be extremely limited and highly sought after.

The commercial premises are currently held on an internal repairing lease at a passing rent of £8,000 per annum. We have been advised by our client that the property may be available with vacant possession on completion, should a purchaser require this. Alternatively, the existing occupier may be willing to remain in situ, subject to terms being agreed.

The first-floor accommodation comprises a self-contained one-bedroom flat. We have also been advised that the current flat tenant would be happy to remain in occupation, providing suitable terms can be agreed with a new owner. This gives a purchaser the flexibility to either retain existing residential occupation or review the position depending on their own requirements.

Castle Street is one of Edgeley’s main commercial parades and is home to a good mix of independent retailers, service-based businesses, food operators and local amenities. The area benefits from strong surrounding residential density, regular passing trade and excellent access to Stockport town centre, Stockport railway station and the wider Greater Manchester road network.

A key advantage of this property is the rear off-road parking provision for approximately 3/4 cars, which is particularly rare and valuable in this part of Edgeley. This could be highly attractive to a future commercial occupier, residential tenant or owner-occupier, and further enhances the property’s overall appeal.

Based on current local market evidence, a ground-floor retail/commercial unit in this location could potentially achieve in the region of £10,000 to £13,000 per annum, subject to size, condition, use, lease terms and tenant covenant. In addition, one-bedroom flats in Edgeley and the surrounding Stockport area are currently being marketed at approximately £700 to £900 per calendar month, equating to around £8,400 to £10,800 per annum, depending on condition, specification and tenancy terms.

On this basis, the property may offer scope for a purchaser to improve the overall rental return over time, subject to the usual due diligence, lease arrangements and any required works.

At the guide price of £230,000, this is an appealing freehold mixed-use investment opportunity in a popular Stockport location, with the flexibility of existing occupation, potential vacant possession, valuable rear parking and future rental uplift.

• Freehold mixed-use commercial investment property
• Ground-floor commercial/retail unit with one-bedroom accommodation above
• Valuable rear off-road parking for approximately 3/4 vehicles
• Parking is a significant benefit in this location, where parking can be difficult to find
• Property may be available with vacant possession on completion, subject to agreement
• Current flat tenant may be willing to remain, subject to terms being agreed
• Potential ground-floor commercial rent in the region of £10,000–£13,000 per annum
• Potential one-bedroom flat rent in the region of £700–£900 per calendar month
• Potential combined income in the region of £18,400–£23,800 per annum