High street retail property for sale
17 Wheelock Street, Middlewich, Cheshire, CW10
£226.70 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
397 sq ft
37 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Key features
- Rental Income: £10,473.75 p.a.
- Gross Initial Yield: 11.64%
- Comprises ground floor shop t/a Convenience Store
- VAT is applicable to this property
Description
Gross Initial Yield: 11.64%
Rental Income: £10,473.75 p.a.
VAT is applicable to this property
To be sold in Savills auction on 26th,27th,28th January 2026 (Lot 283)
Comprises ground floor shop t/a Convenience Store
Situated in the heart of the town centre on the south side of Wheelock Street, close to its junction with St Michael`s Way, with occupiers close by include Tesco Express, Nationwide, Lidl, Home Bargains and more.
Property Description:
Comprises ground floor shop t/a Convenience Store, providing the following accommodation and dimensions:
Shop No.17: 36.9 sq m (397 sq ft)
Open plan retail, storage, wc
Tenancy:
The property is at present let to an Individual t/a Convenience Store for a term of 7 Years from 20th December 2023 at a current rent of £10,473.75* per annum and the lease contains full repairing and insuring covenants (by way of service charge). Rent review on 20.12.2027 linked to RPI (5% collar and 8% cap). Break clause in 2025 NOT exercised. Deposit held of £2,850.
*Tenant currently pays rent of £9,500 p.a. this will rise to £10,473.75 p.a. on 20.12.25. The vendor will top-up rent so the buyer receives the equivalent to £10,473.75 p.a. from sale completion
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Location:
Middlewich is a prosperous market town 20 miles east of of Chester and 7 miles south of Northwich. In close proximity to the A54 which links to junction 18 of the M6 Motorway. The property is situated on the south side of Wheelock Street, close to its junction with St Michael`s Way. Occupiers close by include Tesco Express, Nationwide Building Society, NFU Mutual, Morrisons, Lidl, Home Bargains, Cancer Research UK amongst many other local traders.
Brochures
17 Wheelock Street, Middlewich, Cheshire, CW10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Winsford Station2.0 miles
- Sandbach Station3.7 miles
- Holmes Chapel Station4.0 miles
Notes
Disclaimer - Property reference 17wheelock. 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 Blue Alpine, 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 Blue Alpine, London on 020 3909 3844.
*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.”
Map data ©OpenStreetMap contributors.