Commercial Property for sale

Hightown, Crewe, Cheshire

926 sq. ft. | £119,950

Property Description

Commercial information

  • 926 sq ft (86 sq m)

Key features

  • An excellent investment opportunity
  • Located on the edge of Crewe town centre
  • Fully let producing a total income of 11,700 pa.
  • Gross yield 9.75%
  • Ground floor retail unit
  • Self contained two bedroom apartment.
  • EPC - D
  • EPC - E

Full description

An excellent investment opportunity, fully let producing a total income of £11,700 pa. The property consists of a self contained ground floor retail unit and self contained two bedroom apartment. Excellent gross return of 9.75%.

Ground Floor - The ground floor consists of a rectangular shaped retail area with aluminium frontage, kitchen/store and w.c. To the rear is an internal door with a metal security gate, beyond which is the rear access providing shared access for the flat. The shop is has an integrated fire alarm connected to both the shop and flat,

The ground floor is let on the following terms

Tenant: G&D Trade Limited
Lease: 5 years from 19th May 2017
Rent: £6,500 pa payable monthly in advance
Tenant break option: 3rd year anniversary
Rent review: 3rd year anniversary
Use: Grocers
Excluded from the Landlord & Tenant Act
Personal guarantor and rent deposit.

Ground Floor Accommodation - The accommodation is as follows:

Sales area: 35.47 sq m (382 sq ft)
Kitchen/store: 6.88 sq m (74 sq ft)
W.c.

First Floor Flat - The flat is accessed from St Paul's Close via the yard leading to the rear door. There is an intercom system for visitors. An internal staircase, with newly tiled walls, leads up to the first floor landing and front door. The flat provides well presented accommodation with a long standing Tenant, currently producing £5,200 pa. The flat benefits from central heating, fitted kitchen and three piece shower room. The accommodation is as follows:

Lounge: 3.82 x 4.66. 17.80 sq m (192 sq ft)
Bedroom one: 2.81 x 3.76. 10.57 sq m (114 sq ft)
Bedroom two: 2.38 x 1.90. 4 52 sq m (49 sq ft)
Shower room: 2.38 x 1.32. 3.14 sq m (34 sq ft)
Kitchen: 2.33 x 3.29. 7.67 sq m (83 sq ft)

Business Rates And Council Tax - The VOA website advises the retail unit rateable value for 2017/18 is £3,500.

The council tax for the apartment is Band A.

Services - All mains services are available subject to any reconnection which may be necessary. The services are split for the ground floor shop and first floor flat.

Planning - Bjb recommend that potential purchasers make their own enquiries to the local authority in order to satisfy themselves with any planning enquiries.

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.

Vat - Vat is not applicable.

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.


More information from this agent

Nearest stations

  • Crewe (0.9 mi)
  • Nantwich (3.9 mi)
  • Sandbach (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Butters John Bee Group Limited, Stoke-On-Trent

Lakeview Festival Way, Stoke-On-Trent, ST1 5BJ

01782 955043 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:

Butters John Bee Group Limited, Stoke-On-Trent

Lakeview Festival Way, Stoke-On-Trent, ST1 5BJ

01782 955043 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

  • Crewe (0.9 mi)
  • Nantwich (3.9 mi)
  • Sandbach (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Butters John Bee Group Limited, Stoke-On-Trent

Lakeview Festival Way, Stoke-On-Trent, ST1 5BJ

01782 955043 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 26129577. 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 Butters John Bee Group Limited, Stoke-On-Trent. 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.

Map data OpenStreetMap contributors.