£140,000
(£177.22/sq. ft)
Retail premises for saleWheelock Street, Middlewich CW10
790 sq. ft
About this property
Investment Consideration:
Gross Initial Yield: 9.70%
Rental Income: £13,584.17 p.a.
VAT is applicable to this property
Comprises double fronted ground floor shop t/a Bridal 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 double fronted ground floor shop t/a Bridal Shop, providing the following accommodation and dimensions:
Shop No.15: 73.4 sq m (790 sq ft)
Open plan retail, storage, wc
Tenancy:
The property 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.
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.
Gross Initial Yield: 9.70%
Rental Income: £13,584.17 p.a.
VAT is applicable to this property
Comprises double fronted ground floor shop t/a Bridal 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 double fronted ground floor shop t/a Bridal Shop, providing the following accommodation and dimensions:
Shop No.15: 73.4 sq m (790 sq ft)
Open plan retail, storage, wc
Tenancy:
The property 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.
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.
Mortgage calculator
Monthly repayment
£700 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}