Greyhound Court Madeley Crewe Staffordshire CW3 9EA

  • Greyhound Court<br>Madeley<br>Crewe<br>Staffordshire<br>CW3 9EA

Greyhound Court
Madeley
Crewe
Staffordshire
CW3 9EA

Unbroken Freehold Retail and Residential Parade Investment

  • Comprises six shops, eighteen flats and eleven garages
  • Shop tenants include Madeley Convenience Store, a Dentist, a Barbers, a Hairdressers and a Chinese Takeaway
  • Commercial leases expiring between 2025 and 2038
  • Six Flats let on ASTs
  • Opportunity to enhance income by letting vacant shop, residential flats and vacant garages
  • Nearby occupiers include One Stop Convenience Store, Nisa Local and independent Restaurants and Cafés
  • VAT free Investment
  • Lot
    20
  • Auction
    21st September 2023
  • Rent
    £65,262 per Annum Exclusive
    plus one vacant shop, 12 vacant flats and 6 vacant garages
  • Status
    Sold
  • Price
    £950,000
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Unbroken Freehold Retail and Residential Parade Investment

  • Comprises six shops, eighteen flats and eleven garages
  • Shop tenants include Madeley Convenience Store, a Dentist, a Barbers, a Hairdressers and a Chinese Takeaway
  • Commercial leases expiring between 2025 and 2038
  • Six Flats let on ASTs
  • Opportunity to enhance income by letting vacant shop, residential flats and vacant garages
  • Nearby occupiers include One Stop Convenience Store, Nisa Local and independent Restaurants and Cafés
  • VAT free Investment
  • Lot 20
  • Auction 21st September 2023
  • Rent £65,262 per Annum Exclusive plus one vacant shop, 12 vacant flats and 6 vacant garages
  • Status Sold
  • Price £950,000
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
38 miles south of Manchester, 45 miles south east of Liverpool. 48 miles north of Birmingham
Roads
A50, A51, A53, A525, M6
Rail
Crewe Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation

Madeley is a historic village, located 38 miles south of Manchester and 48 miles north-west of Birmingham. The town boasts excellent communication links being within close proximity to the M6 (Junction 16) and numerous 'A' roads. The property is located on Poolside (A525), close to the popular Madeley Fishing Pool. Nearby occupiers include One Stop Convenience Store, Nisa Local and independent Restaurants and Cafés.

Tenure

Freehold.

Location
Miles
38 miles south of Manchester, 45 miles south east of Liverpool. 48 miles north of Birmingham
Roads
A50, A51, A53, A525, M6
Rail
Crewe Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation

Madeley is a historic village, located 38 miles south of Manchester and 48 miles north-west of Birmingham. The town boasts excellent communication links being within close proximity to the M6 (Junction 16) and numerous 'A' roads. The property is located on Poolside (A525), close to the popular Madeley Fishing Pool. Nearby occupiers include One Stop Convenience Store, Nisa Local and independent Restaurants and Cafés.

Tenure

Freehold.

Description

The property comprises six shops arranged on the ground floor with eighteen residential flats (12 x one bed and 6 x two beds) arranged on the first and second floors, and eleven single storey detached garages on a large site to the rear.

For a virtual tour please click here - https://my.360picture.uk/tour/greyhound-court

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Description

The property comprises six shops arranged on the ground floor with eighteen residential flats (12 x one bed and 6 x two beds) arranged on the first and second floors, and eleven single storey detached garages on a large site to the rear.

For a virtual tour please click here - https://my.360picture.uk/tour/greyhound-court

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x.
Ground (Unit 1) Retail/Ancillary
47.72
(514)
AN INDIVIDUAL (t/a Tangs Dynasty) (2) 15 years from 25/03/2013
£4,500
Ground (Unit 2) Retail/Ancillary
47.60
(512)
AN INDIVIDUAL (t/a Madeley Village Hair Shop) 10 years from 29/09/2016
£4,200
Ground (Unit 3) Retail/Ancillary
49.90
(537)
AN INDIVIDUAL (t/a Jones The Barbershop) (3) 5 years from 20/03/2023 (4)
£5,500
Ground (Unit 4) Retail/Ancillary
68.40
(736)
VACANT -
-
Ground (Unit 5&6) Retail/Ancillary
112.50
(1,211)
AN INDIVIDUAL (t/a Premier Express) (5) 10 years from 29/09/2015
£11,500
Ground (Unit 7&8) Retail/Ancillary
89.40
(962)
MROKE LTD (t/a Madeley Dental Practice) 29 years from 24/06/2009
£9,750 rising to £11,000 on 24/06/2024 (6)
First/Second 6 Residential Flats (plus one garage)
-
-
VARIOUS INDIVIDUALS Various ASTs (please see legal pack)
£27,652
First/Second 12 Residential Flats
-
-
VACANT -
-
Ground (Rear) 4 Garages
-
-
VARIOUS INDIVIDUALS Let on monthly licences
£2,160
Ground (Rear) 6 Garages
-
-
VACANT -
-
Total Commercial Area  
415.52
(4,472)
   
£65,262

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) Tangs Dynasty offer a variety of Chinese food and provide free, online ordering services (www.tangsdynasty.com)
(3) www.jonesthebarbershop.nearcut.com
(4) The lease is subject to a tenant only option to determine on 20/03/2025.
(5) www.premier-stores.co.uk
(6) A reversionary lease has just been completed for a term of 14 years from 24/06/2024 at a new rent of £11,000 p.a.x.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    10.11.23
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Associate AuctioneersGraham Hulse 01782 260 222 07928 474859g.hulse@louis-taylor.co.uk
Seller's Solicitors
Woolliscrofts Solicitors 6-10 Broad Street, Hanley
Stoke-on-Trent
Staffordshire
ST1 4EU
Murray Cantlay 01782 406 853mcantlay@woolliscrofts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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