A portfolio of eight fully let residential townhouses located in Stockport returning £124,800 per annum representing a yield of 7.8% against guide price.

A portfolio of eight fully let residential townhouses located in Stockport returning £124,800 per annum representing a yield of 7.8% against guide price. Each property has a valuation of £300,000 giving a Gross Development Value of £2,400,000, based on comparable evidence.

There is a the further benefit of a parcel of land included in the sale with scope to build a multiple room HMO, subject to planning permission. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

Each property is on its own AST at £1,300 per calendar month.

The properties are three-storey, four bedroom townhouses, please see floorplans.

Rowsley Grove in Stockport presents a valuable investment opportunity, with a convenient location, suitable property type, and potential for higher rental income.

According to recent property market analysis, the average property values in Stockport are projected to increase by 8-12% over the next three years. This steady appreciation can provide a lucrative return on investment for those looking to purchase property in the area. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

There are many mode of transportation available near the area. There are several bus routes serving the area, connecting you to Stockport town centre and surrounding neighbourhoods. The closest train station is Stockport Railway Station, which is a major hub with services to Manchester, Liverpool, and beyond. Rowsley Grove is well-connected by road, with the A6 nearby providing access to both Manchester and the M60 motorway, which is great for getting around Greater Manchester.

32 Bedrooms - Bright and airy bedrooms.
8 Open Plan Lounge and Kitchen - A cosy and inviting living room with large windows that let in plenty of natural light. It also features a spacious and modern kitchen equipped with stainless steel appliances, granite countertops, and ample cabinet space.
16 Bathrooms - A compact but well-appointed bathroom, providing all essential amenities in a stylish design.
Mobile Phone Coverage - O2, EE, Three and Vodafone available
Construction Material - As per EPC: Walls - average thermal transmittance 0.5 W/m²K. Roof and floor - average thermal transmittance 0.3 W/m²K
Broadband - Standard - 6 mbps, Superfast - 80 mbps, Ultrafast - 1000 mbps
Draft Sales Details - These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: C

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 3.6% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 (and any applicable Home Report for residential Scottish properties).

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.