Reddish 429Stockport / Sk5 6Lr

429 GORTON ROAD / REDDISH 429STOCKPORT / SK5 6LR

INVESTMENT OPPORTUNITY FOR SALE 02 429 GORTON ROAD / REDDISH STOCKPORT / SK5 6LR

EXECUTIVE SUMMARY

• Investment opportunity comprising a garage / MOT service centre let for 7.5 years • Let to Mark Anthony Taylor t/a Station Service Centre on a 7.5 year lease from 5 September 2019 • The current rent passing is £20,800 per annum. • There is an open market rent review every 3rd year. • Ideal SIPP Investment • The property is held freehold • Long term redevelopment opportunity – previous interest from Tesco • Offers are sought in excess of £270,000 (Two Hundred and Seventy Thousand Pounds), 18 subject to contract and exclusive of VAT. 17 19 A purchase at this level would reflect 20 16 21 an attractive net initial yield of 7.50%, 15 22 assuming purchaser’s costs of 2.90% 14 429 GORTON Hyde Rd A57 To Manchester 24 LOCATION 12 M602 2 Salford MANCHESTER Droylsden 23 City Centre M62 1 The property is located in Reddish and is situated A635 M60 Hullme Rd fronting Gorton Road (B6167) in a mainly Casltefield A57 residential area, approximately 3 miles north of 9 24 429 B6167 M57 B6167 Stockport town centre. The B6167 links Stockport Denton Stretford GORTON ROAD Gorton Rd in the south to Hyde Road (A57) in Gorton to the M60 Windsor Rd M60 north. Hyde Road in turn gives access to Junction 7 A5103 A6 Reddish DANE A34 429 Woodley BANK 24 of the M60 and Junction 1 of the M67 both Didsbury 25 GORTON ROAD within 1.5 miles of the subject property. Reddish is Sale Station Rd 5 Stockport approximately 5 miles south east of Manchester, A56 1 Reddish North 12.5 miles north east of Altrincham and 13 miles M60 to Manchester Airport. North Reddish railway 3 Brighton Av Windmill Ln Cheadle Marple station is within 150 meters of the property. M56 A6 Altrincham To Stockport

5 Longford Rd W Manchester Airport To Reddish SAT NAV: SK5 6LR 429 GORTON ROAD / REDDISH 03 STOCKPORT / SK5 6LR

DESCRIPTION

The property comprises a MOT Service Centre and Car Dealership extending to 118.54 sq m (1,276 sq ft) and a hard standing yard area. The whole site is a rectangular plot of land directly facing Gorton Road. The asset comprises a single storey building of conventional brickwork construction and a flat felt roof. The building incorporates two bays fronting Gorton Road and a third bay to the side, with metal roller shutter access. Internally the workshop units provide for a motor trade repair operation with one bay set up for MOT servicing. The floor throughout is concrete and the walls are a mixture of brickwork and blockwork with plaster board ceiling panels. There is a small linking section that joins the two main bays with the MOT bay which incorporates a W/C and a small desk / counter that is used as a basic office.The additional yard area can accommodate approximately 40 cars.

429 TENANCY

Let to Mark Anthony Taylor t/a Station Service Centre on a 7.5 year lease from 5 September 2019 at a rental of £20,800 per annum. There is a open market rent review every 3rd year.

STATION ROAD

GORTON ROAD

N RO N TO GOR

BRIGHTON AVENUE

FURNIVAL STREET 429 GORTON ROAD / REDDISH 04 STOCKPORT / SK5 6LR

429 ANTI-MONEY FURTHER EPC LAUNDERING PROPOSAL INFORMATION

Energy Performance Certificates for In accordance with Anti-Money Offers are sought in excess of £270,000 For further information or to arrange the units are available upon request. Laundering Regulations, two forms of (Two Hundred and Seventy Thousand a viewing, please contact: identification and confirmation of the Pounds), subject to contract and exclusive STEVE CARRICK VAT source of funding will be required from of VAT. A purchase at this level would the successful purchaser. reflect an attractive net initial yield of 7.50%, [email protected] carrickre.com assuming purchaser’s costs of 2.90%. The property is not elected for VAT. 0161 806 0455 So VAT will not be chargeable on the sale. 07711 042 584

IMPORTANT NOTICE: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Carrick Real Estate or LM6 in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Carrick Real Estate or LM6 has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: The VAT position relating to the property may change without notice. Carrick Real Estate is a limited company registered in England with registered number 10893418. Our registered office is Canada House, 3 Chepstow Street, Manchester, M1 5FW where you may look at a list of members’ names. September 2019. carve-design.co.uk 13960