Commercial Property
Commercial property in popular Stockport location.
Retail premises with accommodation over two floors located in the pedestrianised shopping area of Edgeley with plenty of footfall, notably from local commuters using Stockport train station.
Stockport has been branded the new Soho of the North by many people with the eclectic mixture of bars and eateries, including the highly regarded Where the light gets in. Stockport is home to Foodie Friday in the Market `Place and has undergone millions of pounds of development over the past few years with numerous residential developments in and around the centre.
The accommodation comprises of ground floor retail zones A and B plus first floor office space and staff WC.
The gross internal area is circa 57 sq. m (615 sq. ft)
The shop has been used as a card/gift shop for many years trading as Forget me Not. Other nearby retailers include the Cooperative, Heron Foods, Boots and many independents.
Leased by renewal on 14th August 2015, until 30th September 2023, current annual rent £6,600 and we are advised that the premises are possibly to be vacated at the end of the lease in September although this is not yet confirmed by the tenant.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
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 Fixed 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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £4,800 inc. VAT
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.
