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223-227 Market St 6,995 sq ft 100% Let Retail Property Hyde SK14 1HF £719,500 (£102.86/sq ft)



Investment Highlights
- Prominent corner building in Hyde town centre.
- Two retail units producing income with additional vacant accommodation.
- Secure gated rear car park.
- Mixed-use investment comprising retail and office accommodation.
- Extensive frontage to both Market Street and Queen Street.
- Potential for refurbishment, re-letting or redevelopment, subject to consent.
Executive Summary
For Sale – £719,500 exclusive. Mixed-use investment opportunity comprising income-producing retail accommodation, vacant retail units and substantial office space. Held on a 999-year ground lease from 24 March 1835 with a nominal chief rent of £9.25 per annum. No VAT is payable on the purchase price. The property offers scope for value enhancement through letting, refurbishment or potential redevelopment, subject to the necessary consents.
The accommodation comprises a mix of retail and office space arranged across ground and first floors. The office elements include reception space, cellular offices, meeting rooms, storage areas, kitchen and WC facilities. Much of the office accommodation is partitioned using stud walls, allowing potential reconfiguration to create larger open-plan areas. The retail units benefit from direct frontage onto Market Street and Queen Street, providing good visibility and access.
The accommodation comprises a mix of retail and office space arranged across ground and first floors. The office elements include reception space, cellular offices, meeting rooms, storage areas, kitchen and WC facilities. Much of the office accommodation is partitioned using stud walls, allowing potential reconfiguration to create larger open-plan areas. The retail units benefit from direct frontage onto Market Street and Queen Street, providing good visibility and access.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Office
Property Size
6,995 sq ft
Costar Property Class
C
Year Built
1908
Price
£719,500
Price per sq ft
£102.86
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.80
Total Plot Size
0.20 ac
Parking
7 Spaces (1 Spaces per 1,000 sq ft Leased)
Frontage
110 ft on Market Street
Amenities
- 24 Hour Access
- Signage
- Storage Space
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Nearby Major Retailers
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Presented by
Impey & Company Limited
223-227 Market St
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