15-21 Wheelock Street, Middlewich, Cheshire, CW10

£400,000

Size

2,078

Tenure

Leasehold

EPC

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Parking

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Primary use
High street retail
Frontage
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No floor / site plan

Key features

  • Rental Income: £33,357.92 p.a.
  • ERV: £43,157.92 p.a. GIY: 10.79%
  • VAT is applicable to this property
  • Comprises retail parade of 4 ground floor shops t/a Bridal Shop, Convenience Store, Nail Salon and 1 Vacant Shop
  • Occupiers close by include Tesco Express, Nationwide, Lidl, Home Bargains and more.

Description

Investment Consideration:
Rental Income: £33,357.92 p.a.
ERV: £43,157.92 p.a. GIY: 10.79%
VAT is applicable to this property
Comprises retail parade of 4 ground floor shops t/a Bridal Shop, Convenience Store, Nail Salon and 1 Vacant Shop
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 retail parade of 4 ground floor shops t/a Bridal Shop, Convenience Store, Nail Salon and 1 Vacant Shop, providing the following accommodation and dimensions:
Shop No.15: 73.4 sq m (790 sq ft)
Open plan retail, storage, wc
Shop No.17: 36.9 sq m (397 sq ft)
Open plan retail, storage, wc
Shop No.19: 49.3 sq m (531 sq ft)
Open plan retail, storage, wc
Shop No.21: 33.4 sq m (360 sq ft)
Open plan retail, storage, wc
Total GIA: 193 sq m (2,078 sq ft)

Tenure:
Long Leasehold. Held on a 979 Year lease from 26th June 2025 at a ground rent of peppercorn.

Tenancy:
Shop No.15 is at present let to an Individual t/a Bridal Shop for a term of 5 Years from 3rd January 2023 at a current rent of £13,584.17 per annum and the lease contains full repairing and insuring covenants (by way of service charge). Tenant break option in January 2026 NOT exercised. Deposit held of £1,800.
Shop No.17 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.
Shop No.19 is at present let to an Individual t/a Nail Salon for a term of 5 Years from 6th April 2025 at a current rent of £9,500 per annum and the lease contains full repairing and insuring covenants (by way of service charge). No breaks. Deposit held of £1,250. Tenant in occupation since 2022.
Shop No.21 is at present vacant. ERV: £9,600 p.a.

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.
Additional information
Service charge
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Business rates
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Use class
E
Listed building
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Floors in building
1
Leasehold: 979 years left
Tenure
Leasehold
Length of lease
979 years left
Energy performance certificate: Ask agent

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

15-21 Wheelock Street, Middlewich, Cheshire, CW10

NEAREST STATIONS

National Rail

Winsford Station

1.99 miles

National Rail

Sandbach Station

3.68 miles

National Rail

Holmes Chapel Station

4 miles

About BLUE ALPINE PARTNERS LIMITED, London

BLUE ALPINE PARTNERS LIMITED, London

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

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