Property photos
Freehold
£265,000
(£142.86/sq. ft)
Property for sale
High Street, Cheadle, Stoke-On-Trent ST101,855 sq. ft
Local area information
Property location
Nearby amenities
- St Giles Catholic Primary School 0.1 miles
- Bishop Rawle CofE (A) Primary School 0.2 miles
- Blythe Bridge 3.4 miles
- Longton 6.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Fully let investment
- High Street location
- Courtyard to rear
- Potential to expand (STPP)
- Income of £25,440 pa
A two storey mixed commercial and residential investment occupying a prominent position in Cheadle town centre. The current income is £25,440 per annum from all areas. Each flat is self contained and accessible from the rear of the property where there is a yard. Potential for further development/expansion (STPP).
Description
A two storey property of brick construction under a pitched clay tile roof occupying a prominent position on Cheadle High Street. The property consists of two commercial areas on the ground floor that are both occupied; 74 High Street is let to a mini market and 74B High Street let to a nail studio. Both ground floor areas are accessible from the front. To the rear is a courtyard which provides access to a ground floor 1 bed flat (No.1) and an external staircase leading to flats 2 and 3. No.2 is 1 bedroom whereas No.3 is a bedsit.
The premises are fully let yielding a rental income of £25,440 pa; a schedule of tenancies can be seen under paragraph 'Tenure'.
We are advised that a previous application was submitted for the construction of a dwelling at the rear of the property with access over the adjoining car park as part of a joint scheme between the two owners. The scheme halted however the area in question may suit development or an extension to the current building (STPP).
Location
The property is situated in the centre of Cheadle on High Street. There is on street car parking to the front of the property and Cheadle's main pay and display car park is a short walk away. Nearby retailers include Boots, and B&M.
Accommodation
Ground floor
No.74
Front Retail Area: 367 Sq ft (34.09 Sq m)
WC
Lower Ground Floor Staff: 68 Sq ft (6.32 Sq m)
Lower Ground Floor Store: 165 Sq ft (15.33 Sq m)
NIA: 600 Sq ft (55.74 Sq m)
No 74B:
Nail Salon: 164 Sq ft (15.2 Sq m)
Office: 57 Sq ft (5.3 Sq m)
WC
NIA: 239 Sq ft (22.2 Sq m)
First floor
Flat 1: Bedsit
Flat 2: 1 Bedroom
Flat 3: 1 Bedroom
Estimated floor area: 1,000 Sq ft (92.9 Sq m)
total NIA (Estimated): 1,855 Sq ft (172.33 Sq m)
Rating
74 High Street
The voa website advises the rateable value for 2023/24 is £5,500.
74B High Street
The voa website advises the rateable value for 2023/24 is £3,050.
The standard non-domestic business rates multiplier is 51.2p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.
Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.
Services
Mains water and electricity are available subject to any reconnection which may be necessary.
Planning
Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.
Tenure
Freehold subject to the following Tenancies:
74 High Street
A six year lease from 01/06/24, ending 31/05/30. Rent £7,200 pa
74B High Street
A three year lease from 29/8/21, ending on 31/8/24. Rent £2,400 pa
Flats:
Flat 1 74 High Street - Tenancy from 26th May 2023 until 25th May 2024. Rent £300 pcm
Flat 2 74 High Street - Tenancy from 15th December 2023 until 14th December 2024. Rent £495 pcm
Flat 3,74 High Street - Tenancy from 4th January 2024 until 3rd January 2025. Rent £525 pcm
Legal Costs
Each party to pay their own legal costs incurred in connection with the sale.
Vat
We have been advised Vat is not applicable to this property.
Viewing
Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.
Description
A two storey property of brick construction under a pitched clay tile roof occupying a prominent position on Cheadle High Street. The property consists of two commercial areas on the ground floor that are both occupied; 74 High Street is let to a mini market and 74B High Street let to a nail studio. Both ground floor areas are accessible from the front. To the rear is a courtyard which provides access to a ground floor 1 bed flat (No.1) and an external staircase leading to flats 2 and 3. No.2 is 1 bedroom whereas No.3 is a bedsit.
The premises are fully let yielding a rental income of £25,440 pa; a schedule of tenancies can be seen under paragraph 'Tenure'.
We are advised that a previous application was submitted for the construction of a dwelling at the rear of the property with access over the adjoining car park as part of a joint scheme between the two owners. The scheme halted however the area in question may suit development or an extension to the current building (STPP).
Location
The property is situated in the centre of Cheadle on High Street. There is on street car parking to the front of the property and Cheadle's main pay and display car park is a short walk away. Nearby retailers include Boots, and B&M.
Accommodation
Ground floor
No.74
Front Retail Area: 367 Sq ft (34.09 Sq m)
WC
Lower Ground Floor Staff: 68 Sq ft (6.32 Sq m)
Lower Ground Floor Store: 165 Sq ft (15.33 Sq m)
NIA: 600 Sq ft (55.74 Sq m)
No 74B:
Nail Salon: 164 Sq ft (15.2 Sq m)
Office: 57 Sq ft (5.3 Sq m)
WC
NIA: 239 Sq ft (22.2 Sq m)
First floor
Flat 1: Bedsit
Flat 2: 1 Bedroom
Flat 3: 1 Bedroom
Estimated floor area: 1,000 Sq ft (92.9 Sq m)
total NIA (Estimated): 1,855 Sq ft (172.33 Sq m)
Rating
74 High Street
The voa website advises the rateable value for 2023/24 is £5,500.
74B High Street
The voa website advises the rateable value for 2023/24 is £3,050.
The standard non-domestic business rates multiplier is 51.2p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.
Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.
Services
Mains water and electricity are available subject to any reconnection which may be necessary.
Planning
Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.
Tenure
Freehold subject to the following Tenancies:
74 High Street
A six year lease from 01/06/24, ending 31/05/30. Rent £7,200 pa
74B High Street
A three year lease from 29/8/21, ending on 31/8/24. Rent £2,400 pa
Flats:
Flat 1 74 High Street - Tenancy from 26th May 2023 until 25th May 2024. Rent £300 pcm
Flat 2 74 High Street - Tenancy from 15th December 2023 until 14th December 2024. Rent £495 pcm
Flat 3,74 High Street - Tenancy from 4th January 2024 until 3rd January 2025. Rent £525 pcm
Legal Costs
Each party to pay their own legal costs incurred in connection with the sale.
Vat
We have been advised Vat is not applicable to this property.
Viewing
Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.
Floor plans and tours
Floor plans (1)
More information
Listed by
Butters John Bee - Commercial
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