Acquired
Middlewich – Retail Shop & Ground Rent
9 Wheelock Street, Middlewich, Cheshire CW10 9AG*Auction* Freehold Vacant Retail & Residential Ground Rent Investment
Investment Consideration
- To be sold in Acuitus Auction on 21st September 2023.
- Vacant possession
- VAT is NOT applicable to this property
- Comprises ground floor shop and 3-bed flat above (sold off on long leasehold)
- Located in the heart of the town centre with occupiers nearby including Tesco Express, Nationwide and many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Mid-terrace building comprising ground floor shop and a 3-bed flat above (sold off on long leasehold), providing the following accommodation and dimensions:
Ground Floor Shop: 64.60 sq m (695 sq ft)
Open plan retail, Office, Kitchenette, Storage,
First/Second Floor Flat: Sold-Off
Ground Floor Shop: 64.60 sq m (695 sq ft)
Open plan retail, Office, Kitchenette, Storage,
First/Second Floor Flat: Sold-Off
Tenancy Description
The retail shop is at present vacant. ERV: £10,000 p.a.
The residential flat has been sold-off on long leasehold for a term of 125 years from December 2017 at a ground rent of peppercorn. Reversion 2142.
The residential flat has been sold-off on long leasehold for a term of 125 years from December 2017 at a ground rent of peppercorn. Reversion 2142.
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 Tesco Express, Nationwide, pharmacy and more.