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Middlewich - Freehold Takeaway & Residential Investment

For sale: £200,000.00|1,215 Sq Ft|General Retail, Retail - High Street, Mixed Use, Restaurant/Cafes, Retail, Other Property Types & Opportunities

Property details

FOR SALE£200,000.00
SIZE1,215 Sq Ft
ADDRESS80 Wheelock Street, Middlewich, Cheshire, CW10 9AE
TYPEGeneral Retail, Retail - High Street, Mixed Use, Restaurant/Cafes, Retail, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON28th July 2023

Description

Investment Consideration:
Gross Initial Yield: 6.30%
Rental Income: £12,600 p.a.
VAT is NOT applicable to this property
Let until 2036. No breaks. Open market rent reviews in 2026,2030 and 2034
Comprises ground floor takeaway with internally accessed residential flat above
Situated in the heart of the town centre with occupiers nearby including Lidl, Morrisons Superstore, Tesco Express, Nationwide, pharmacy and more.

Property Description:
The property comprises ground floor takeaway shop with internally accessed residential flat at first and second floor, providing the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
Takeaway, Rear Kitchen, Storage
First Floor: 35 sq m (376 sq ft)
2 Rooms, Bathroom
Second Floor: 28 sq m (301 sq ft)
2 Rooms
Total area size: 113 sq m (1,215 sq ft)

Tenancy:
The property is at present let to an Individual for a term of 20 years from 19th January 2016 at a current rent of £12,600 p.a. and the lease contains full repairing and insuring covenants. Open market rent reviews on 18th January 2026, 2030 and 2034. No breaks.

Location:
Middlewich is a popular market town 19 miles east of Chester, 5 miles North West of Sand Bach and approximately 37 miles south of Manchester City Centre. The property is located on the north side of Wheelock Street, the main shopping high street in Middlewich, with occupiers nearby including Lidl, Morrisons Superstore, Tesco Express, Nationwide, pharmacy and more.

Location

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Location: 80 Wheelock Street, Middlewich, Cheshire, CW10 9AE

Winsford (2.0 miles)

Sandbach (3.9 miles)

Holmes Chapel (4.1 miles)

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