78-80 High Street, Cheadle, ST10 1AJ

INVESTMENT OPPORTUNITY

A pair of ground floor retail units, forming part of a larger three storey property, together with a self contained one bedroom bungalow to the rear. One of the shops is let by way of a full repairing and insuring lease producing an income of £XXX PAX. The adjoining shop and bungalow are vacant. The property has extensive High Street frontage and represents a meaningful investment opportunity that has the potential to deliver a 10%+ return on capital. Included in the sale is the freehold interest in five additional flats above the retail premises. It should be noted that there is flexibility in the sale of the freeholds, which can be made available separately.

Location

The property has extensive frontage to the High Street and forms part of an established parade of shops within the town centre.

Accommodation

No. 78 (Vacant)
Sales Area 487 sq ft
Kitchen 15 sqf ft
WC - WC -
TOTAL NIA 502 sq ft

No. 80 (Let to Cheadle Yarns)
Sales Area 781 sq ft
Storage 193 sq ft
TOTAL NIA 974 sq ft

Terms

INVESTMENT POTENTIAL:
No.80 is let by way of a Full Repairing and Insuring lease, commenced March 2011 for a period of three years at a rent of £XXX PAX
No.78 is currently vacant and being offered to the market at a rent of £XXX PAX
Rear Bungalow: Currently vacant and with a rental value of £XXX pcm (£XXX pa)
Ground rent from flats above: 5x £XXX pa (£XXX pa)
Total Rental Income Potential £XXX pa
Note: The vendor will also consider individual sales on a virtual freehold basis (999 yr lease) at a peppercorn rent and invites expressions of interest.