29 High Street, Cheadle, Stoke-on-Trent, ST10 1AA
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Monday 15 April
- By Order of an Asset Manager
- Investment let at £18,000 pa (11.25% on Guide Price)
- Let to Coral Racing Limited
- Lease expires June 2027 (no breaks)
Description
StrapLine
Auction Sale - 16/04/2024Of interest to investors
Freehold Retail Investment
Investment let at £18,000 pa (11.25% on Guide Price)
Description
The property is arranged on ground and two upper floors to provide a ground floor betting office with staff ancillary and storage accommodation above. The property intercommunicates with the adjoining shop, also trading as Coral, which is not included in the sale.
Location
The property is located in Cheadle, Staffordshire a town circa 8 miles from Stoke-on-Trent. The property is located in a prominent position on the south side of High Street, the main retailing thoroughfare. Nearby occupiers include Domino's Pizza, JD Wetherspoon and a number of independent shops, cafes and restaurants.
Tenancy
The property is currently let to Coral Racing Limited on a lease expiring 23/06/2027, producing an income of £18,000 per annum.
Accommodation
Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
Ground - 93.1 sq m (1,002 sq ft)
First - 61 sq m (657 sq ft)
Second - 74 sq m (797 sq ft)
Total - 228.10 sq m (2,455 sq ft)
29 High Street, Cheadle, Stoke-on-Trent, ST10 1AA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Blythe Bridge Station3.6 miles
About the agent
Savills Auctions, London
33 Margaret Street London W1G 0JD
Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.
Notes
Disclaimer - Property reference 148-10380. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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