for sale
Reference 29806
Address 10 Bramhall Lane, Stockport, Greater Manchester
(Map Location)
Beds 0
Baths 0
Type Shop
Tenure Freehold

Property available to purchase on a SALE & LEASEBACK arrangement. Secure covenant of 10+ years in occupation. 8.67% Return. Current rent is £10,400 PA. Recently Refurbished

Description

For Sale on a SALE & LEASEBACK arrangement.

The building is currently occupied by a well-established business, who have been in place for over ten years.

The owner is looking to part with the property and keep the tenant in-situ, with a current rental income of £10,400 PA with periodic upwards-only rent reviews.

The building has recently been refurbished inside and out, and is in excellent condition.

The asking price of £120,000 reflects an 8.67% return for the investor.

We are advised that the owner has investigated the possibility of building a flat above the premises, bringing the roof in line with the other properties on the same terrace. It has so far been met with a positive response from the local authority. The owner has a set of plans and correspondence available to the new owner, should you seek to do the same and maximise the earning potential of the building.


Features

  • Sale & Leaseback
  • Newly Refurbished
  • Well Established Business In-Situ

Map Location