Summary
A large mid-terraced mixed-use property of brick elevations with pitched roof coverings. The property is comprises a split level ground floor retail/office unit of 558 sq ft suitable for a variety of uses together with storage, kitchen and WC. Included with the commercial space is a very useful cellar with tanked walls which has previously been used as an office. Accessed via the side of the building is a spacious 3 bedroom apartment arranged over first and second floor with a large lounge, separate kitchen, dining room, three bedrooms, (one with en-suite) and a separate shower room. The apartment has the potential to generate an additional income or form part of the commercial accommodation as there is a further internal staircase providing easy access to the upper floors.
Key Points
Total NIA: 1,736 sq ft with 459 sq ft of salesPrime location in town centreFreehold or new lease availableEPC – TBC
Business Rates
Rateable Value: £7,300
Rates Payable: £3,642.70 pa (25/26).
Note: If you qualify for Small Business Rates Relief you should be entitled to a 100% rates payable exemption.
Council Tax
The flat has a (Band A) Council Tax assessment.
VAT
The purchase price/rent is not subject to VAT.
Services
Mains electricity, gas, water and drainage are connected. There are two gas fired boilers providing heating to the building, one for the shop and another for the apartment. We understand that services are separated between the shop and flat. No services have been tested by the agents.
Tenure
Available by way of a new full repairing and insuring lease, for a term to be agreed. Rent throughout the term is payable monthly in advance by way of standing order and a rent deposit is payable at the beginning of the term. The property is also available to purchase freehold with vacant possession upon completion.
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.
Location
The property occupies a prominent location in the centre of town with approximately 23 feet frontage to the High Street. Cheadle is 10 miles east of Stoke on Trent and 14 miles northwest of Uttoxeter and has a population of around 12,000 people.