Shop Sold in Stockport, SK2
10 Bramhall Lane, Stockport, Greater Manchester
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
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.