Available
Middlewich – Post Office & Flat
49 Wheelock Street, Middlewich, Cheshire CW10 9ABFreehold Retail & Residential Investment
Price
£200,000
Rent P.A.
£6,000
Yield
ERV £13,000 p.a.
Tenure
Freehold
Area
1,450 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Current Rental Income: £6,000 p.a.
- ERV: £13,000 p.a. GIY: 6.50%
- VAT is NOT applicable to this property
- Comprises ground floor shop t/a post office and first floor 2-bed flat
- Town centre location with occupiers nearby including pharmacy, optician, takeaways, gift shop and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises end-of-terrace ground floor shop t/a Post Office and first floor self-contained flat, accessed from the rear, providing the following accommodation and dimensions:
Ground Floor: 70 sq m (753 sq ft)
Open plan retail, Storage, WC
First Floor: 65 sq m (700 sq ft)
2 bedrooms, Kitchen, Living Room, Bathroom
Total area size: 135 sq m (1,453 sq ft)
Ground Floor: 70 sq m (753 sq ft)
Open plan retail, Storage, WC
First Floor: 65 sq m (700 sq ft)
2 bedrooms, Kitchen, Living Room, Bathroom
Total area size: 135 sq m (1,453 sq ft)
Tenancy Description
The ground floor shop is at present let on tenancy at will to Interim Enterprises from 7th April 2022 at a current rent of £6,000 per annum. Tenant option to determine at any time with minimum 30 days notice.
The first floor flat is at present vacant. ERV:£7,000 p.a.
The first floor flat is at present vacant. ERV:£7,000 p.a.
Tenancies & Accommodation
Location Description
Middlewich is a popular market town 19 miles east of Chester, 5 miles North West of Sand Bach and approximately 37 miles south of Manchester City Centre. The property is located on the south side of Wheelock Street, the main shopping high street in Middlewich, with occupiers nearby including pharmacy, optician, takeaways and more.
