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High Street, Stoke-On-Trent

Offers in Region of £245,000

Property Description

Key features

  • Three storey mixed use property
  • Three separate tenants
  • Commercial 3 year lease began in March 2018, residential tenants on AST's
  • Ideal Investment opportunity
  • Added advantage of car parking to the rear aspect.
  • NO CHAIN

Full description

Investment opportunity, ideal for clients looking for a multi-purpose investment. The ground floor is currently let on a commercial lease from March 2018 at a rental of £8,040 per annum on a three year lease. The first floor accommodation comprises Flat 72A and is let out on an Assured Shorthold tenancy at an annual rent of £4,200 per annum. The second floor accommodation comprises Flat 72B which is currently let on an Assured Shorthold tenancy at an annual rent of £5,100 per annum.Located in the popular market town of Cheadle, the property offers a most delightful position within the main street. The town of is a historic market town with street footfall on a daily basis and is home to both local traders and national chains. A copy of the commercial lease is available for inspection at Whittaker & Biggs office if required.Boasting an overall return of £17,340 per annum, this is a property which MUST be viewed to appreciate the location and return on offer.


Ground Floor 
The ground floor is presently occupied by a tenant trading as Forget Me Nots Florist on a three year term which commenced on 1st March 2018 The ground floor accommodation comprises:

Retail Area 
34' 8'' x 15' 2'' (10.57m x 4.62m)
Two feature bay windows to the front aspects with central glazed door, part boarded walls, picture rail, stained timber flooring.

Store Cupboard 
Incorporating timber floor

Rear Store 
12' 10'' x 6' 11'' (3.92m x 2.10m)
Having ceiling light.

Store Room Two 
13' 2'' x 7' 0'' (4.01m x 2.13m)
Having ceiling light.

Kitchen 
12' 10'' x 6' 5'' (3.92m x 1.95m)
Range of units comprising base cupboards and drawers incorporating stainless steel sink unit with Triton water heater over, window to the side aspect set on tiled sill, external door to side aspect, glass block window to the side aspect.

WC 
4' 11'' x 3' 1'' (1.49m x 0.93m)
Housing low level WC.

Flat 72A 
This is a self contained First Floor Flat with external stepped access from the rear of the property. The Flat is currently let on an Assured Shorthold Tenancy at a rental of £350 per calendar month. In detail the accommodation comprises:

Flat 72B 
This is a self contained Second Floor Flat with external stepped access from the rear of the property. The property is currently let at a rental of £425.00 per calendar month on an Assured Shorthold Tenancy. In detail the accommodation comprises:

Entrance Hall 
Having external door to the side aspect. STORE cupboard off.

Dining Kitchen 
13' 3'' x 10' 9'' (4.03m x 3.28m)
Range of units comprising base cupboards and drawers incorporating brushed chrome Diplomatic oven, four ring Diplomatic gas hob, roll top work surfaces over having inset stainless steel sink unit with chrome mixer tap over, tiled splash backs. Range of matching wall cupboards, extractor fan, larder style unit housing gas fire central heating boiler, Upvc double glazed window to the rear aspect, Upvc double glazed window to the side aspect.

Master Bedroom 
11' 2'' x 9' 9'' (3.40m x 2.98m)
Upvc double glazed window to the rear aspect, built in wardrobe incorporating hanging and shelving, single radiator.

Bedroom Two 
6' 2'' x 13' 1'' (1.88m x 3.98m)
Upvc double glazed window to the side aspect, single radiator.

Bathroom 
11' 2'' x 7' 2'' (3.40m x 2.19m)
(Maximum measurement) White suite comprising panel bath, wash hand basin in vanity with storage cupboards below, low level WC, fully tiled walls, corner shower cubicle housing Triton electric shower fitment, Upvc double glazed window to the side aspect, single radiator.

Living Room 
15' 3'' x 13' 6'' (4.64m x 4.11m)
Sash window to the front aspect, single radiator, feature fireplace incorporating electric fire, built in meter cupboard.

Outside 
To the rear of the property is a tarmacadem parking area which provides parking for the retail premises and the first and second floor flats. The parking is accessed from Prince George Street by turning right immediately after the green railings. This leads to the car park where the spaces are located on the right hand side. There is stepped access from the car park to the rear of the property and to the staircase leading to the Flats. There is also an entry adjacent to the property which leads back to High Street.

More information from this agent

Nearest station

  • Blythe Bridge (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Whittaker & Biggs, Leek

47 Derby Street, Leek, Staffordshire, ST13 6HU

01538 861001 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:

Whittaker & Biggs, Leek

47 Derby Street, Leek, Staffordshire, ST13 6HU

01538 861001 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 station

  • Blythe Bridge (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Whittaker & Biggs, Leek

47 Derby Street, Leek, Staffordshire, ST13 6HU

01538 861001 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 8898934. 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 Whittaker & Biggs, Leek. 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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