31-33 High Street, Nantwich, Cheshire, CW5 5AH

Situation

The property occupies a prominent position within the prime retailing area of Nantwich centred around High Street, Churchyardside, and Pepper Street overlooking the town square. Nearby retailers include Fat Face, Joules, W H Smith, Holland & Barratt, NatWest Bank, Chatwins Bakers and the Crown Hotel.

Description

We are instructed to seek offers in excess of £900,000.
Net initial yield 9.5% subject to contract and exclusive of VAT. Yield net of purchaser's costs at 5.63%.

* Nantwich is an affluent market town in the heart of Cheshire with a vibrant retail centre.
* The property comprises a prominent position in the centre of the town within the main retailing pitch.
* The investment offers an attractive 3-storey building with retail accommodation on the ground floor with ancillary first and second floors.
* Freehold Title includes servicing yard and parking to the rear.
* The property is let to no. 3 excellent covenants comprising Bayfields Opticians, R.Roberts & Son (Warrington) Ltd (Clarks Shoes) and Timpson.
* All 3 tenants with a long unbroken history of occupation and use in Nantwich
* Current passing rent totaling £90,000 pa.
* WAULT to lease expiry 6 years 6 months (2 years 4 months to first break)

Tenure Comments

The property is held Freehold under title no. CH234650.
Please note the title includes the service yard/parking to the rear with vehicular access via Pepper Street.

Price

Offers in excess of £900,000

EPC

EPC Certificates for the property can be obtained upon request.

VAT

The property has been elected for VAT purposes.