Chapel Street, Cheadle, Stoke-On-Trent
£145,000 (Tenant Fees)
- Mixed Use Commercial Property with Flat Over
- Motor Spares & 3 Bed Flat
- Passing Rental £5,304 P.A
- Prominent Location
- CEPC Band E Rating 115
- EPC Band E, Rating 47
- Mixed Use Commercial Property with Flat Over
- Motor Spares & 3 Bed Flat
- Passing Rental £5,304 P.A
- Prominent Location
- CEPC Band E Rating 115
- EPC Band E, Rating 47
A mixed-use commercial premises for sale as a pre-let investment. The premises consists of a motor parts retailer, and a three bedroom flat, which is in need of some modernisation. The motor parts retailer currently generates an income of £5,304 pa., and the flat, when updated, has a with a potential rental of £6,000 pa, making an overall potential rental figure of £12,500 pa.
Location / SituationThe property is located on Chapel Street, close to Cheadle High Street, which is predominantly retail outlets with residential housing in close proximity. Cheadle is a small to medium sized market town which benefits from its own High Street, with retail outlets, banks and a supermarket. Cheadle has a residential population of some 12,000 people. Access to the motorway network is via junctions 15 and 16 of the M6.
Ground Floor
Retail area3.79m 7.7m + 2.88 x 4.02With single glazed window, strip lighting, power points, telephone point, and carpeted flooring.
Office3.66m max x 2.33mWith single glazed window, heater, power points and carpeted flooring.
Entrance Hallway to Flat5.19m x 1.85mWith single glazed window and radiator.
First Floor
Reception Room 14.62m x 3.67mWith single glazed window, radiator, and power points.
Reception Room 24.02m x 5.8mWith single glazed window, radiator, power points, aerial point and telephone point.
Kitchen5.19m x 1.85mWhite base units with brown worktops over, stainless steel sink and drainer unit, single glazed window, radiator, power points, cooker point, washer point, and vinyl flooring.
Second Floor
Bedroom 14.59m x 3.18m maxWith single glazed window, radiator and power points.
Bedroom 23.94m x 3.12mWith single glazed window, radiator and power points.
Bedroom 33.07m max x 4.52m maxWith single glazed window and power points.
Bathroom3m x 3.07mGreen bathroom suite comprising W.C, washbasin and bath. Also with single glazed window and part-tiled walls.
OutsideEnclosed rear yard with outbuildings and outside W.Cs belonging to the retail unit.
Outside WCsWith low-level W.Cs and wall-mounted washbasins.
Rateable Value and Council Tax BandingThrough sight of the Valuation Office website, we can confirm the following: The 2017 Rating List Assessment is £6,000. The Council Tax Banding for the Flat is A The purchaser is advised to make their own enquiries with the Local Billing Authority.
TenureWe are advised that there is a rent payable on the retail unit of £442 per calendar month, or £5,304 per annum. There is no lease in place and the occupation is on an informal tenancy at will. The flat is currently vacant.
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