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.
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.
(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.
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