Mixed use property for sale
1 Cheviot Square, Winsford
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- SIZE
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- SECTOR
Mixed use property for sale
Key features
- High Yielding Mixed Use Investment Opportunity
- Ground Floor Retail Unit with 2 x Flats to Upper Parts
- Fully Let to Separate Tenants
- Ground Floor Let to Heron Foods on a New 10 Year Lease
- Upper Parts Let on ASTs
- Approved Planning for Further Flat within Existing Floorplate
- Forms the Anchor for a Popular Local Parade
- Investment Let at £48,800 p.a. (11.09% GIY on Guide Price)
Description
Forming part of a popular local parade, the property is arranged as a ground floor retail unit, forming the anchor unit for the parade, with 2 x two bedroom flats to the upper parts and further undeveloped space to the upper parts offering development potential. The current lettable space is fully let to separate tenants at a combined rent of £48,800 per annum.
The ground floor is let to Heron Foods Limited on a new 10 year lease expiring 03.04.2035 and producing £35,000 per annum.
The upper parts are let on separate Assured Shorthold Tenancies (ASTs) at £6,900 p.a. per flat.
The property includes a large vacant space to the upper parts, this space benefits from planning consent for conversion to provide a further two bedroom flat (Reference: 25/00855/FUL)
The property forms the anchor retail unit of Cheviot Square, an established retail parade forming the principal retail amenity for the surrounding residential area.
Brochures
1 Cheviot Square, Winsford
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Winsford Station2.1 miles
- Hartford Station4.0 miles
- Cuddington Station4.5 miles
Notes
Disclaimer - Property reference A0CE5441-34F6-413C-A46E-469E51A416D9. 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, Savills Auctions- Commercial. 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.
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