59-61 London Road, Stockton Heath, Warrington, WA4 6SG
Size
1,589
Tenure
Freehold
EPC
Parking
Ask agent
- Primary use
- Other
No floor / site plan
Key features
- Prime Location
- 10 Year Lease
- Progressive Tenant Profile
- Quality Fitted Out Retail
- Freehold
- Parking at Rear
- Separate Flat Included
- ERV £57,000 Per Annum
Description
The first floor of 61 London Road comprises a separately accessed residential flat.
The property comprises a pair of adjoining terraced buildings that have been opened up at ground floor to form this most attractive double unit. Prior to the Coffee House tenure, it was home to Costa Coffee.
The Coffee House fitted out and moved in during Summer 2024 and they report that the property is trading very well.
We are of the opinion that this property boasts the best location in Stockton Heath Village. It is situated at the mid-point of the prime retail section fronting the A49 London Road. Formerly Costa Coffee it is situated directly opposite the entrance to The Forge Shopping Precinct, which leads to Marks & Spencer and the Villages main car park.
£795,000.
Three’s Company (Catering) Limited trading as The Coffee House currently have over 40 regional stores and are under a programme of rapid expansion. The Tenant company was first incorporated in 2010. The current rent under this Lease is £40,000 per annum.
The first floor flat will be let on an Assured Shorthold Tenancy Agreement at a rent of £12,000 per annum.
The current combined gross rent amounts to £52,000 per annum, which represents a gross yield a shade over 6.5%. We are of the opinion that the ERV of the commercial element is £45,000 PA and our client is willing to top up the current rent to this level until the next rent review (based on achieving asking price). Furthermore, single units along this section of London Road have been recently transacting around £400,000, which further substantiates our asking price.
We are advised that VAT is not currently applicable to the property.
In accordance with Anti-Money Laundering Regulations, two forms of Identification and confirmation of the source of funding will be required from the successful purchaser.
- Service charge
- Ask agent
- Business rates
- Ask agent
- Use class
- Ask agent
- Listed building
- Ask agent
- Floors in building
- 1
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
- Ask agent
- Environmental description
- Ask agent
Brochure
59-61 London Road, Stockton Heath, Warrington, WA4 6SG
About Morgan Williams Commercial LLP, Warrington
As one of the longest established and best known professional Chartered Surveyors and Commercial Estate Agents in Warrington, we take pride in offering a quality service throughout Warrington, Leigh, Cheshire, Merseyside and surrounding areas.
Morgan Williams Chartered Surveyors has built a reputation of providing quality service to a growing client base of corporate, local authority and private customers. We can advise on various aspects of commercial property. In addition to sales, lettings and investments, we offer advice on landlord and tenant matters, valuation, compulsory purchase, rating appeals and development.
Your search history
You have no recent searches
Disclaimer - Property reference 280706-1. 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 Morgan Williams Commercial LLP, Warrington. 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.