Commercial Property for sale

125 High Street, Wolstanton, Newcastle-under-Lyme, ST5 OEP

3,778 sq. ft. | £245,000

Property Description

Commercial information

  • 3,778 sq ft (350 sq m)

Full description

Tenure: Freehold

LOCATION
The property is prominently located in the centre of Wolstanton at the junction with High Street, (A527) and Ellison Street and forms part of an established parade of shops in a popular location. Wolstanton is a popular and long established conurbation on the northern outskirts of Newcastle under Lyme which is approximately 1/2 miles to the north. The A500 providing access to junctions 15 and 16 at the M6 and the A50 is within 1/4 mile.

DESCRIPTION
A substantial and prominently located commercial property briefly comprising three self contained units, all of which are let, and producing £21,560 pa. The premises comprises a three storey building with frontage to the High Street within which is a ground floor retail unit trading as the Post Office above which and arranged on 1st and 2nd floor level is a dance studio. To the rear and having frontage to Ellison Street which is let to the Post Office with the 1st floor comprising a self contained office suite.

ACCOMMODATION
125 High Street (Ground Floor):
Sales Area: 1138 sq ft
2x Stores: 401 sq ft
Office: 80 sq ft
2x WC: -
NIA: 1619 sq ft

125A High Street:
1st floor:
Reception/Studio/Changing rooms/WC: 987 sq ft
2nd Floor
4 Rooms: 892 sq ft
NIA: 1879 sq ft

1A Ellison Street:
1st floor:
Reception Lobby: 40 sq ft
Office: 240 sq ft
WC: -
NIA: 280 sq ft

Total NIA: 3778 sq ft

OUTGOINGS
Business Rates: Rateable Value:

125 High Street: £12,000
125A High Street: £5,600
1A Ellison Street: £1,950

VAT
The sale price is not subject to VAT.

OTHER
EPC:
TBC

Tenure:
Available freehold, subject to contract and the existing leaser.

Tenancies:
125 High Street:
Let to a David and Judith Mason by way of a 31 year lease from 7th June 1988, expiring 6th June 2019. The passing rent for the remainder of the term is set at £12,000 pax.

125a High Street:
Let to a Lorraine Baddeley by way of a 5 year lease from 23rd March 2003, (holding over). The passing rent is £6,200 pax. The tenant has expressed an interest in taking a new 10 year lease with a rent review at the 5th year at an initial rent of £6,200 pax, which will be completed shortly.

1A Ellison Street:
Let to Bratt and Julie Smallwood by way of a 12 month license from 7th march 2015, expiring 6th March 2016 at a passing rent of £3,360 pa.

Total rent income: £21,560 pa

All leases are compound on an internal repairing and insuring basis with the tenant being responsible for all utility and business rate costs.

C01616/24092015

VIEWING
Strictly by appointment through agents:
Rory Mack Associates
Tel: 01782 715725
Fax: 01782 715726
Email: enquiries@rorymack.co.uk
Website: www.rorymack.co.uk


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Longport (0.7 mi)
  • Stoke-on-Trent (2.3 mi)
  • Kidsgrove (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Rory Mack Associates Ltd, Newcastle Under Lyme

37 Marsh Parade, Newcastle Under Lyme, ST5 1BT

01782 955038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Rory Mack Associates Ltd, Newcastle Under Lyme

37 Marsh Parade, Newcastle Under Lyme, ST5 1BT

01782 955038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Longport (0.7 mi)
  • Stoke-on-Trent (2.3 mi)
  • Kidsgrove (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Rory Mack Associates Ltd, Newcastle Under Lyme

37 Marsh Parade, Newcastle Under Lyme, ST5 1BT

01782 955038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 101560002340. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Rory Mack Associates Ltd, Newcastle Under Lyme. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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