Commercial Property for saleHightown, Sandbach, Cheshire
Sold STC £350,000
A three storey mixed investment opportunity located within Sandbach town centre. The property consists of two ground floor retail units and four flats with private parking for six vehicles. The current income is £31,588 pa plus additional income potential.
Location - The property is prominently located within Sandbach town centre, fronting Hightown being one of the main routes into the town. The private car park is located to the rear of the property, accessed from Hope Street.
Description - The property is a Grade II Listed building with accommodation as detailed below.
Retail Unit No.5 - Consisting of a ground floor lock up shop let at £7,000 per annum on a 6 year lease from 19th November 2005. The unit consists of the front retail area, rear workshop and toilet facility.
Retail Unit No. 7 - A double fronted retail unit with rear store and toilet facility. There is access to the basement which extends beneath both ground floor units and provides useful storage area. There is a rear access to the car park and one parking space included. The unit is let on the following terms:
* Tenant is a personal individual.
* 5 years from 30th March 2016.
* £7,500 pa with a 3 year rent review.
* Mutual option to determine at 18 months.
* Excluded from the Landlord & Tenant Act.
* Rent deposit held.
Flat 7A - A well maintained first floor one bedroom flat consisting of:
The flat has a communal access with flats 7b and 7c. The flat is let on a twelve month AST from 10th October 2016 to 9th October 2017 at £439 pcm.
Flat 7B - A second floor one bedroom flat consisting of:
The flat has a communal access with flats 7 a and 7c, let on a twelve month AST from 25th April 2016 to 24th April 2017 at a rent of £450 pcm.
Flat 7C - The demise extends over ground, first and second floors requiring full renovation throughout. The area is currently back to brick and has not been improved but offers potential for development into a two bedroom flat.
The flat shares the communal access with Flats 7a and 7b.
Flat 7D - The most striking of the flats, extending over first and second floors with a self contained access off Hightown. The flat is a two bedroom maisonette consisting of:
Open plan lounge/kitchen
3 piece Bathroom
The flat is let on a six month AST from 10th October 2016 to 9th April 2017 at a rent of £535 pcm.
Planning - Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.
Services - All mains services are available subject to any reconnection which may be necessary. We are advised flats 7a, 7c and 7d are connected to the mains sewer. Flat 7b (second floor flat) is based upon the rates. The three occupied flats have independent mains electric and are individually metered. Flat 7d benefits from gas service connection which is individually metered.
Tenure - Freehold subject to the Tenancies in place upon completion.
Legal Costs - Each party is to be responsible for their own legal costs incurred in connection with the sale / purchase of the property.
Viewings - Strictly by appointment via bjb commercial, Head Office, Lake View, Festival Way, Stoke-on-Trent ST1 5BJ. Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.
As the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do not comment on the condition of the property or other issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain the possession of bjb.
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