London Road, Hazel Grove, Stockport, SK7 4AX, England

A rare and substantial freehold opportunity in the heart of Hazel Grove, this mixed-use block comprises a ground-floor commercial unit, sold subject to a 999-year lease at a peppercorn ground rent, providing no income to the freeholder and 6 residential flats equalling 11 bedrooms on the upper floors with excellent rental income potential. The residential element includes five two-bedroom apartments and one one-bedroom apartment. All units benefit from private balconies and allocated parking spaces. The residential accommodation is presented in immaculate condition throughout and is ready to let immediately. With all six apartments currently vacant, the block offers a turnkey investment opportunity with no refurbishment required. Estimated rental income when fully let is approximately £6,500 per calendar month (£78,000 per annum), with one-bedroom units expected to achieve around £1,000 pcm and two-bedroom units around £1,100 pcm. The estimated combined GDV of the apartments is in the region of £1,020,000 – £1,080,000. The purchaser will acquire the freehold interest in the entire building, including the reversionary interest in the commercial unit (albeit effectively nominal due to the long lease) and the freehold reversion to the 6 flats. Please refer to the legal pack for further details.