Retail Property (High Street)
DRAFT DETAILS
Commercial investment opportunity, producing £26,500 per annum.
Coming to the market for the first time in almost forty years is this highly prominent commercial premises on the Cheadle Hulme / Bramhall boarder. The property occupies a fantastic location, fronting Church Road and has tenanted Christopher Wilson & Co Public Accountants for 38 years. Cheadle Hulme is an affluent area of Stockport, hosting many fashionable boutique shops and popular public houses and eateries. Neighbouring retailers include M&S Simply Food as well as a large range of independent shops. Transport links include Cheadle Hulme railway station a short distance away as well as a local bus network and easy access to the Wilmslow – Handforth bypass.
8 Church Road: Wolfendens Gents Hairdressing. 5 year lease from October 2022 at £6,000 per annum. The tenant has been in occupation for 10 years prior to the signing of a new lease recently.
10 Church Road: Christopher Wilson Accountancy. 2 year lease from April 2022 at £19,500 per annum.
Detached Garage to rear: Currently let to a local sports team on a rolling basis at £1,000 per annum.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
