Summary - E C T A,Hadfield House, Gordon Street,STOCKPORT,SK4 1RR SK4 1RR
1 bed 1 bath Commercial Development
Freehold multi-let industrial/office with parking and rental upside in Stockport town centre..
Freehold industrial/warehouse and office development, c.21,507 sq ft
Low passing rent £3.30/sq ft; income £72,730 pa (gross yield 7.46%)
Let to established tenants with agreed fixed rent increases
Town centre location — five minutes' walk to prime retail areas
Extensive on-site car parking; high ceilings and industrial character
Scope for rental growth via refurbishment and lease re-gearing
Likely refurbishment and maintenance costs due to age of building
Local area: very deprived — consider tenant mix and demand implications
A substantial freehold commercial development in Stockport town centre, offered as an income-producing industrial/warehouse and office investment. The block extends to approximately 21,507 sq ft, includes extensive on-site parking and benefits from town-centre footfall, being a five-minute walk from the prime retail area.
Current income is low relative to market at a passing rent of only £3.30 per sq ft, producing £72,730 pa and a gross initial yield of 7.46% at the asking price of £975,000. Tenancies are with well-established occupiers and there are agreed fixed rent increases, giving clear scope for rental growth as leases relet or reviewed.
The property is robustly built with high ceilings, industrial character and large windows; it offers refurbishment potential to improve rental values and attract higher-quality occupiers. Practical considerations include likely maintenance and upgrade costs typical of older industrial stock, and tenant concentration/multi-let risk that should be reviewed.
Buyers should weigh the long-term upside from local regeneration (Stockport Exchange, Redrock, Transport Interchange) and excellent transport links against the building’s current low rental base and the surrounding area’s socio-economic challenges. Suitable for investors seeking value-add industrial/office stock with parking and town-centre access.
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