10 School Ln | Stockport SK4 5DG
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10 School Ln
Stockport SK4 5DG
Retail Property For Sale
Investment Highlights
- Conveniently located near the A6 for frequent bus services.
- Manchester city centre within approximately 15 minutes’ drive
- Stockport town centre and M60 motorway within approximately 5 minutes’ drive.
Executive Summary
Leasehold. 900 years from 22/08/1952 at a fixed nominal ground rent of £4 per annum. The ground floor premises are presently let to Assist and Care Limited (Company Reg Number 7169910) on a 3 year tenancy agreement which commenced 01/06/2022. (There was a tenant’s option to break at the end of year 1 but that has now passed). The passing rent is £7,000 per annum exclusive (£583.33 per month). The tenant is responsible for all internal repairs and decoration and repairs to the front window and roller shutter door. The Landlord is responsible for all other repairs and recovers a proportional contribution towards the annual building insurance premium from the tenant.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
465 SF
Building Class
B
Year Built
1913
Price
£225,000
Price Per SF
£484
Net Initial Yield
3.11%
NOI
£7,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.02
Lot Size
0.65 AC
Frontage
14 ft on School Lane
Amenities
- 24 Hour Access
- Storage Space
1 of 8
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