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Commercial Property for sale

High Street, Sandbach, Cheshire

1,662 sq. ft. | £289,950

Property Description

Commercial information

  • 1,662 sq ft (154 sq m)

Full description

A fully multi-let commercial property located within the heart of Sandbach town centre. Two units are currently let producing a total income of £15,400 pa, increasing up to £16,400 pa by September 2017. "The Hot Spot" lock up shop does not form part of the property.

Description - The property is located opposite W H Smiths and other neighbouring occupiers including Boots Chemist, with free public car parking in walking distance. Sandbach population is projected as 80,154 (as at 2012, Source Goad Catchment Profile).

The property comprises two self contained ground floor retail units and two first floor office units, with access off the High Street and secondary access to the rear for 1st floor office No.13b.

11A High Street (Ground Floor Retail Shop) - The unit consists of a retail space extending to the rear with small storage area and toilet facility. The unit includes air-conditioning, electric and water (no gas). Offered with vacant possession.

Net Internal Area: 380 Sq Ft (35.30 sq m)

11B High Street (First Floor Offices) - The premise is accessed via the red door between the ground floor units and extends to the right section of the property. Currently let on a Tenancy at Will to a registered charity producing £1,400 pa, although we are advised the Tenant wishes to accept a longer term Lease at a market rent to be agreed.

Net Internal Area: 459 Sq Ft (42.64 Sq m).

13 High Street (Ground Floor Card Shop) - Ground floor lock u
p shop loated on the corner. The premises comprises the retail area plus rear store and toilet facilities.


A lease renewal has taken place on the following terms:
Tenant: Thornberry Limited (Very Low Risk, Source Experian Credit Check) and personal guarantor.
Term: 10 years from 21st June 2015.
Rent: £9,000 pa
Rent review/Tenant break options: 3 yearly.

Nett Internal Area: 443 Sq Ft (41.20 sq m)

13B High Street - The premise is a first floor office suite located above Sandbach Cards, with access from the red door off the High Street or a self contained access from the rear. The accommodation comprises three offices with toilets and kitchen facilities. The premise are let on the following terms:

Tenant: Cheshire Arts for Health Ltd
Term: 5 years from 01/09/2015.
Rent: Yr 1: £4,000, Yr 2: £5,000, Yr 3 to 5: £6,000 pa.
Tenant break option: 3rd year anniversary.

Net Internal Area: 380 Sq Ft (35.30 sq m)

Services - Mains electric and water services are available subject to any reconnection which may be necessary.

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.

Business Rates - The Rateable Value of each unit is as follows:

11a (Ground floor retail): £7,500.
13 (Ground floor retail) £7,700
11b (1st floor office): £4,100
13b (1st floor offices): £3,700

Tenure - Freehold subject to the existing Tenancies.

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.

IMPORTANT NOTICE
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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