11 bed Block of Flats For Auction

TO BE SOLD BY ONLINE AUCTION ON 23rd JULY 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS. 53 London Road, Hazel Grove, Stockport, SK7 4AX ** VIRTUAL VIEWING AVAILABLE ** A rare and substantial freehold opportunity in the heart of Hazel Grove, this mixed-use block comprises six modern self-contained apartments set over two upper floors, with commercial units occupying the ground floor. The residential element includes five two-bedroom apartments and one one-bedroom apartment. All units benefit from private balconies and allocated parking spaces. The residential accommodation is presented in immaculate condition throughout and is ready to let immediately. With all six apartments currently vacant, the block offers a turnkey investment opportunity with no refurbishment required. Estimated rental income when fully let is approximately £6,500 per calendar month (£78,000 per annum), with one-bedroom units expected to achieve around £1,000 pcm and two-bedroom units around £1,100 pcm. The estimated combined GDV of the apartments is in the region of £1,020,000 ? £1,080,000. The ground floor consists of three commercial units with prominent roadside frontage. These are subject to a long lease arrangement - please refer to the legal pack for further details. This arrangement is an agreement for lease leading to the grant of a 999 year lease with peppercorn rent and yields no income to a potential purchaser. Located on the A6 through Hazel Grove, the property benefits from excellent visibility and strong access to local amenities. Hazel Grove Train Station, Stockport town centre, and the M60/M56 motorway network are all easily accessible. The area also offers major supermarkets (ASDA, ALDI, and Sainsbury's), well-regarded schools, and convenient access to surrounding countryside, including the Peak District. Notice Before buying at Auction, it is essential that you read our Notice to Prospective Buyers and the Common Auction Conditions . You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team. You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.