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Commercial Premises With 3 Flats, 4-6 High Street, Cheadle, Stoke-on-Trent, ST10 1AF

944 Sq Ft / Retail / Mixed Use

For Sale - £275,000.00

Available - Last updated: 19 April 2022

A period double fronted retail/office premises with first and second floor accommodation, part of which is used for commercial purposes together with three flats. The ground floor was formerly arranged as two self-contained shops and retains two entrance doors to either side of the sales area, although has more recently been merged into one unit, subdivided into smaller rooms by means of stud partitioning. The three flats are accessed from the rear and side and are all self-contained and separately metered. Part of the first floor has been used for commercial purposes and is accessed via an internal staircase from the sales area however, this area could very easily be separated from the ground floor, independently accessed via the rear and would provide another one-bedroom flat. 

Location

An end of terrace property in the town centre having an extensive frontage to the High Street at its junction with Croft Road. There are a number of both national and local retailers within close proximately to include Lloyds Bank and Bargain Booze Plus and public car parking is within 100 yards.

Accommodation

Ground Floor

Sales area: 716 sq ft

Kitchen: 161 sq ft

Store: 21 sq ft

Office: 46 sq ft

2 x W.C.s --

Total NIA: 944 sq ft

First floor salon (formerly Flat 2) - 5 x rooms plus WC: 458 sq ft  

Flat 1 (first floor)

Entrance hall --

Living room: 11’7” x 11’8”

Kitchen: 10’9” x 5’9”

Bedroom 1: 11’8” x 7’2”

Bedroom 2: 11’7” x 7’1”

Shower room: --

Flat 3 (second floor)

Entrance hall --

Bed/living room: 14’11” x 10’0” 

Kitchen: 7’9” x 6’3” 

Shower room: -- 

Flat 4 (second floor) 

Entrance hall: --

Living room: 16’4” x 10’0”

Kitchen: 7’11 x 7’3”

Bedroom: 11’0 x 8’4”

Shower room: --

Terms

PRICE - £275,000

SERVICES - All mains’ services are available and each flat is separately metered. No services have been tested by the agents.

TENANCY/INCOME INFORMATION:

Flat 1: Let on a Shorthold Tenancy Agreement from 1st December 2020 @ £360 pcm

Flat 2: currently commercial – vacant.

Flat 3: Let on a Shorthold Tenancy Agreement from 19th March 2021 @ £320 pcm

Flat 4: Let on a Shorthold Tenancy Agreement from 2nd July 2014 @ £290 pcm

EPCs:

4-6 High Street: 101 (Band E)

Flat 1: Band E

Flat 3: Band D

Flat 4: Band E

BUSINESS RATES/COUNCIL TAX:

4-6 High Street

Rateable Value: £10,000

Rates Payable: £4,990 pa (21/22)

Note: if you qualify for Small Business Rates Relief you should be entitled to a 100% rate exemption.

Council Tax - Flats 1, 3 and 4 each have a ‘Band A’ Council Tax assessment. Individual tenants are responsible for paying their own council tax.

TENURE - Available freehold and with the benefit of the residential tenancies in place and with vacant possession of the commercial parts.

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.

Specification

  • Town centre retail/office premises with 3 income producing flats above
  • Easy potential to create a 4th flat at first floor
  • Ground floor NIA: 944 sq ft which could be split into two units
  • Versatile owner-occupier and/or investment property

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £275,000.00 NA

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Agency Team

Rory Mack Associates Ltd

01782 365492



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