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Hall Yard Buildings , Hall Yard Buildings, High Street, Tean, ST10 4DZ

2,264 Sq Ft / Other / Investment

For Sale - £250,000.00

Available - Last updated: 23 May 2024

Hall Yard Buildings is a period Grade II Listed three storey property of brick elevations and tiled, pitched roof coverings. The property has been divided into two retail units on the ground floor and two large apartments covering the first and second floors above. The ground floor is being used as one unit by Beautiful Homes (Tean) Ltd, a well respected and popular kitchen design company with over 40 years of trading history. The ground floor is very well maintained and includes a small office and bathroom on the first floor. The upper floors consist of two spacious and wellappointed apartments of two and three bedrooms, which have been occupied for long periods of time. Both apartments are self-contained and separately accessed and are let by way of Shorthold Tenancy Agreements. The property has been very well maintained, is fully compliant and has independent gas boilers and a fire alarm system.

Location

The property features prominently on the junction where Hall Road meets High Street (A522) in the village centre. Upper Tean is easily accessible, being 3 miles off the A50. Cheadle is the nearest town approximately 4 miles to the north. Tean as a village has a convenience store, pharmacy, cafes, pubs, hairdressers, petrol station and a primary school.

Accommodation

Ground Floor Retail: Sales area shop 1: 293 sq ft Sales area shop 2: 602 sq ft Office: 57 sq ft Storeroom: 46 sq ft WC -- Total NIA: 998 sq ft Flat One Living Accommodation: Over two floors, including lounge, kitchen, dining room, 3 x bedrooms and bathroom. Total GIA: 723 sq ft Flat Two Living Accommodation: Over two floors, including lounge, kitchen, 2 x bedrooms and bathroom. Total GIA: 543 sq ft Overall NIA: 2,264 sq ft (not including common areas, bathroom to commercial and landing areas

Terms

Available freehold, subject to contract and with the benefit of the existing IRI lease and AST agreements.

Specification

SERVICES

All main services are connected. No services have been tested by the agents. All commercial and residential elements have their own separate meters and boilers.

 

VAT The sale price is not subject to VAT, apart from the ground floor retail unit number one.

 

TENANCY DETAILS

The ground floor is let to Beautiful Homes (Tean) Limited (Company No. 07096192), at £10,521pa for 5 years from 01/02/21. Flat 1 (3 bed) is let to a private individual at £475pcm who has been in occupation for over 5 years. Flat 2 (2 bed) is let to a private individual at £450pcm. Combined income for the property at present is £21,621pa with potential for higher future residential rent as the current income is below market rent.

 

BUSINESS RATES

The tenant is responsible for payment of any business rate liability where applicable.

 

COUNCIL TAX

The residential tenants are responsible for payment of any council tax where applicable.

 

ANTI MONEY LAUNDERING REGULATIONS

In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £250,000.00 NA

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Agency Team

Rory Mack Associates Ltd

01782 365492



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