Retail/Residential Investment Producing £22,640pa 43 Wheelock Street • Main shopping high street location • 3 newly refurbished self contained flats Middlewich • 5 garages to rear with PP for two single storey shops/offices Cheshire, CW10 9AB
Location The property is located on the south side of Wheelock Street, the main shopping high street in Middlewich, Cheshire. Middlewich is a popular market town 19 miles east of Chester, 5 miles north west of Sandbach and approximately 37 miles south of Manchester City Centre. Junction 18 of the M6 motorway is approx. 2 miles to the east.
General Description The property comprises a double storey mid terraced property of brick construction beneath a pitched slate roof. On the ground floor there is a self contained shop unit. The upper floors are accessed to the rear comprising a self contained flat. The property also has an extension to the rear with two self contained flats. In addition there is some parking and 5 single storey garages with planning for demolition and rebuild of two single storey shops/offices with flexible use (A1, A2 or B1a). Planning reference 16/5390C
Purchase Price Offers in the region of £250,000.
Accommodation Tenure As measured on a net internal basis in accordance with the RICS Property measurement 1st Edition the areas are as follows:Shop Unit
70.3m2
(757 sq ft)
Freehold.
Business Rates
First Floor 2 Bed Flat Second Floor 1 Bed Flat Ground Floor Rear 1 Bed Flat
Not measured Not measured Not measured
Shop Rateable Value £6,600 (April 2017).
5 x Garages
Not Measured
Copies of the EPCs are available on request.
EPC
Leases
VAT
The ground floor retail unit is let to a local beautician at £8,000 per annum (lease terms TBC).
All figures quoted are exclusive of but may be liable to VAT.
First floor two bed flat let on 6 month AST at £425 per calendar month.
VIEWING
Second floor one bed flat let on 6 month AST at £395 per calendar month.
By appointment with the sole agent W T Gunson for the attention of Neale Sayle
Ground Floor rear one bed flat let on 6 month AST at £400 per calendar month.
(email:
[email protected])
Total Income £22,640 per annum
Date of Preparation: 10/5/17