Property

Stamford New Road property sold after “great deal of interest”

By David Prior at

A four-storey retail and office property on Stamford New Road in Altrincham town centre has been sold to a private investor for £351,000.

The property at 58 Stamford New Road – part of a terrace originally built in Victorian times – was sold on behalf of a private individual, with the sale price reflecting a yield of 10.4%.

The 2,697 sq ft property is currently let to the Rymans Stationers Group, producing an annual rental of £37,500 with two years left on the lease.

Daniel Lee, director of Regional Property Solutions, who acted for the vendor, said: “We had a great deal of interest in this investment resulting in final sealed bids, which produced a figure in excess of the asking price.”

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The property was sold for £351,000