£120,000
(£333.33/sq. ft)
Retail premises for saleWheelock Street, Middlewich CW10
360 sq. ft
Just added
About this property
Investment Consideration:
Purchase Price: £120,000
Gross Initial Yield: 7.50%
Rental Income: £9,000 p.a.
VAT is applicable to this property
Comprises ground floor shop t/ Vape 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 shops t/a Vape Shop, providing the following accommodation and dimensions:
Shop No.21: 33.4 sq m (360 sq ft)
Open plan retail, storage, wc
Tenancy:
The property is at present let to Vapeorist (Middlewich) Ltd t/a Vape Shop for a term of 6 Years from 1st February 2020 at a current rent of £9,000 per annum and the lease contains full repairing and insuring covenants (by way of service charge). Deposit held of £750. Tenant in occupation since 2018.
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.
Purchase Price: £120,000
Gross Initial Yield: 7.50%
Rental Income: £9,000 p.a.
VAT is applicable to this property
Comprises ground floor shop t/ Vape 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 shops t/a Vape Shop, providing the following accommodation and dimensions:
Shop No.21: 33.4 sq m (360 sq ft)
Open plan retail, storage, wc
Tenancy:
The property is at present let to Vapeorist (Middlewich) Ltd t/a Vape Shop for a term of 6 Years from 1st February 2020 at a current rent of £9,000 per annum and the lease contains full repairing and insuring covenants (by way of service charge). Deposit held of £750. Tenant in occupation since 2018.
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.
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