£947,000
(£355.35/sq. ft)
Town house for sale60 Stamford New Road, Altrincham, Altrincham, Cheshire WA14
2,665 sq. ft
Freehold
About this property
A rare opportunity to acquire part of a prominent mixed-use block in Manchester’s most desirable suburb.
Freehold
Situated in Altrincham’s highly prosperous market town
Description
60 Stamford New Road occupies a prominent frontage along the newly revamp public realm along Stamford New Road in the heart of Altrincham, a historical market town. Situated in a lively neighbourhood, this property enjoys an ideal location among numerous well-known local and national brands.
The vibrant town presents an appealing mix of shopping and entertainment options, making it a hub for both residents and visitors alike. Additionally, you'll find a variety of essential service outlets nearby to meet everyday needs.
60 Stamford New Road is a 4 storey terraced building built between 1897-1908 from red stock brick which is laid in a variation of brick bonds. The roof is cladded with blue slate and has external chimneys, a brick balustrade and decorative urns. Other architectural features include a porch, terracotta detailing, terracotta Corinthian pilasters and cartouches. The building has a regular form and a symmetrical composition. The building was re-developed in 2018 creating three new commercial
units on the ground floor and 9 apartments on the upper floors.
The ground floor comprises two commercial units fronting Stamford New Road and one commercial unit at the rear which faces The Causeway. Access to all the commercial units is either from Stamford New Road or The Causeway. The occupied commercial units benefit from a standard retail fit out with the tenants taking the accommodation originally as shell and core. The vacant unit is white
boxed and ready for immediate occupation.
The contemporary apartments are accessed via a central core. Apartments 3 and 6 are identical in configuration both providing two bedrooms, one bathroom and open plan living / dining with fully integrated kitchens. Apartment 9 provides a two bedroom Penthouse duplex with a similar specification but includes one car parking space. There is a basement which was mothballed by the current owners.
VAT
The property is elected for VAT and it is anticipated that the property will be sold as a togc.
Service Charge
A service charge is in place that covers the common areas, externals and structure.
Dataroom
Full legal documentation can be made available to interested parties via a legal dataroom.
Proposal
Our client is seeking offers in excess of £947,000 (nine hundred and forty seven thousand pounds), subject to contract and exclusive of VAT. A purchase at this level reflects the following yield profile assuming standard purchasers costs of 5.39%
Residential Net Initial Yield: 6.3%
Commercial Net Initial Yield: 10.81%
Residential Revisionary Net Yield: 7.5%
Commercial Revisionary Net Yield: 11.94%
60 Stamford New Road occupies a prominent frontage along the newly revamp public realm along Stamford New Road in the heart of Altrincham, a historical market town. Situated in a lively neighbourhood, this property enjoys an ideal location among numerous well-known local and national brands.
The vibrant town presents an appealing mix of shopping and entertainment options, making it a hub for both residents and visitors alike. Additionally, you'll find a variety of essential service outlets nearby to meet everyday needs.
60 Stamford New Road is a 4 storey terraced building built between 1897-1908 from red stock brick which is laid in a variation of brick bonds. The roof is cladded with blue slate and has external chimneys, a brick balustrade and decorative urns. Other architectural features include a porch, terracotta detailing, terracotta Corinthian pilasters and cartouches. The building has a regular form and a symmetrical composition. The building was re-developed in 2018 creating three new commercial
units on the ground floor and 9 apartments on the upper floors.
The ground floor comprises two commercial units fronting Stamford New Road and one commercial unit at the rear which faces The Causeway. Access to all the commercial units is either from Stamford New Road or The Causeway. The occupied commercial units benefit from a standard retail fit out with the tenants taking the accommodation originally as shell and core. The vacant unit is white
boxed and ready for immediate occupation.
The contemporary apartments are accessed via a central core. Apartments 3 and 6 are identical in configuration both providing two bedrooms, one bathroom and open plan living / dining with fully integrated kitchens. Apartment 9 provides a two bedroom Penthouse duplex with a similar specification but includes one car parking space. There is a basement which was mothballed by the current owners.
VAT
The property is elected for VAT and it is anticipated that the property will be sold as a togc.
Service Charge
A service charge is in place that covers the common areas, externals and structure.
Dataroom
Full legal documentation can be made available to interested parties via a legal dataroom.
Proposal
Our client is seeking offers in excess of £947,000 (nine hundred and forty seven thousand pounds), subject to contract and exclusive of VAT. A purchase at this level reflects the following yield profile assuming standard purchasers costs of 5.39%
Residential Net Initial Yield: 6.3%
Commercial Net Initial Yield: 10.81%
Residential Revisionary Net Yield: 7.5%
Commercial Revisionary Net Yield: 11.94%
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