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Retail Property (high street) for sale

4, 4a + 4b Chapel Street, Forsbrook, Stoke-on-Trent, Staffordshire, ST11 9BY

Withdrawn from Market £183,500
833 sq. ft.

Property Description

Commercial information

  • 833 sq ft (77 sq m)

Full description

Tenure: Freehold

The premises benefits from a prominent location within the centre of Forsbrook close to the junction with Chapel Street and Cheadle Road (A521) and opposite the Spar convenience store. Forsbrook is a popular commuter village adjacent to Blythe Bridge and within 3 miles of the A50. Cheadle is approx. 5 miles to the north.

The property briefly comprises three separately accessed and self-contained properties forming part of a prominently located two storey premises centrally located in the village centre. 4 Chapel Street comprises a self-contained ground floor shop currently occupied by the vendor and trading as 'Forsbrook Wine Cellars'. The property is also available to lease separately together with the existing business interest. 4a Chapel Street comprises a self-contained ground floor hair salon currently let to a private individual paying £3,900 pax. 4b Chapel Street comprises a well-presented and spacious two-bed flat above 4 and 4a let by way of a STA of a rent of £375 pcm.

No 4:
Sales: 434 sq. ft.
Stores: 141 sq. ft.
Kitchen: 63 sq. ft.
WC: -
Total NIA: 638 sq. ft.

No 4a:
Salon/Sales: 195 sq. ft.
WC: -
Total NIA: 195 sq. ft.

No 4b:
Ground Floor entrance with stairs leading to 1st Floor
Landing: -
Lounge: 12'3" x 16'9"
Dinning: 6'3" x 13'3"
Kitchen: 12'0" x 6'9"
Bathroom: 8'0" x 4'9"
Laundry Room: 12'3" x 5'0"
Bedroom 1: 12'0 x 6'9"
Bedroom 2: 13'3 x 8'3"

Each property is separately metered and charged for utilities. 4b has gas fired central heating installed. No services have been tested by the agents.

No 4:
Rateable Value: £4,250
Rates Payable: £2,057 p.a. (16/17)
Note: If you qualify for Small Business Rates Relief you will be entitled to a 100% exemption.

No 4a:
Rateable Value: £2,700

No 4b:
Council Tax - Band A

Included in the asking price is the goodwill association with 'Forsbrook Wine Cellars' which operates from 4 Chapel Street and trades on a sole trader basis. The business is an established off-License selling an allsortment of general store items and currently trades from 9am-10pm Monday-Saturday and 3pm-9pm on a Sunday. Another aspect of the business, which is proving very profitable and draws customers into the premises is a franchise to operate European Textiles where second-hand clothes are traded for cash. For further information regarding the business please contact the agents. For those only wishing to lease 4 Chapel Street at £7,500 pax the business is available for a premium of £18,500 + SAV.

The whole is available freehold subject to contract and the leases in place in respect of 4a and 4b Chapel Street and with vacant possession of 4 Chapel Street. 4 Chapel Street can be leased on an internal repairing and insuring lease for a term of years to be agreed, subject to rent reviews every three years and with the incoming tenant being responsible for landlord´s reasonable legal fees.

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