Lot
053
Auction Ends: 21/09/2022 14:56

6 Kennerley Road, Stockport, Cheshire SK2 6EY

Property Details
Location
Auction Details
Description
A freehold mixed commercial and residential investment comprising a mid terrace ground floor retail unit and a separately accessed one bedroom flat above. The property is let in full to two separate long standing tenants at a combined annual rent of £13,210. The ground floor retail unit extends to approximately 35 Sq M (376 Sq Ft) and is let by way of a 3 years lease dated December 2021 whilst the first floor is let on a 5 year AST dated October 2021.
Location
The property fronts onto Kennerley Road on the corner of Buxton Road (A6) within a small parade of retail units 1.5 miles south of Stockport Town Centre. The immediate surrounding area is a popular residential location within walking distance of Davenport Train Station.
Accommodation
Pugh & Co have not inspected the property internally at this stage and the following accommodation detail shave been provided by the vendor;

Ground FloorRetail area, kitchenette, W.C.
First FloorKitchen, Living Room, Bedroom, Bathroom

Approx Site Area
Approximatley 90 Sq M (108 Sq Yds).
Tenure
Unknown
Planning
Interested parties should consult direct with the Local Planning Office, Stockport Metropolitan Borough Council, Town Hall, Stockport, SK1 3XE. Tel: 01614 804949, Fax: 01614 779530.
Tenancy
The ground floor is let to a bridal shop tenant on a 3 year lease dated December 2021 at an annual rent of £7450. We understand the current tenant has been in situ for 4 years.

The first floor flat is let on a 5 year AST dated October 2021 at an annual rent of £5,760 rising to £6,000 in October 2024. We understand the current tenant has been in situ for 7 years.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 20TH SEPTEMBER AND CLOSES ON WEDNESDAY 21ST SEPTEMBER.

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