Freehold Retail and Residential Ground Rent Investment
Vacant ground floor shop
Includes three bed maisonette above let on long lease
Change of use potential to ground floor residential (subject to consents)
VAT free investment
Nearby occupiers close by include Tesco Express, Betfred, Barclays Bank, Coral and Rowlands Pharmacy
Prosperous Cheshire market town
Lot 59
Auction 21st September 2023
Vacant Possession
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
16 miles south-west of Wilmslow, 22 miles east of Chester, 27 miles south of Manchester
Roads
A54, A530, A533, M6 (Junction 18)
Rail
Winsford Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
Middlewich is a prosperous Cheshire town with a population of over 10,000, lying six miles south-east of Northwich just off Junction 18 of the M8 Motorway. The property is situated in the town centre on the south side of Wheelock Street, close to the junction with Dierdens Terrace. Nearby occupiers close by include Tesco Express, Betfred, Barclays Bank, Coral and Rowlands Pharmacy
Tenure
Freehold.
Location
Miles
16 miles south-west of Wilmslow, 22 miles east of Chester, 27 miles south of Manchester
Roads
A54, A530, A533, M6 (Junction 18)
Rail
Winsford Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation
Middlewich is a prosperous Cheshire town with a population of over 10,000, lying six miles south-east of Northwich just off Junction 18 of the M8 Motorway. The property is situated in the town centre on the south side of Wheelock Street, close to the junction with Dierdens Terrace. Nearby occupiers close by include Tesco Express, Betfred, Barclays Bank, Coral and Rowlands Pharmacy
Tenure
Freehold.
Description
The property comprises a ground floor shop with a 3 bed maisonette arranged on the first and second floors let on a long lease.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to residential uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with East Cheshire Council. (www.cheshireeast.gov.uk) (Phone: 0300 123 5014) (Reference: 23/2752C)
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
The property comprises a ground floor shop with a 3 bed maisonette arranged on the first and second floors let on a long lease.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to residential uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with East Cheshire Council. (www.cheshireeast.gov.uk) (Phone: 0300 123 5014) (Reference: 23/2752C)
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
Retail/Offices
71.51
(769)
VACANT
-
-
First Second
3 bed maisonette
-
-
AN INDIVIDUAL
125 years from 18/12/2017
Peppercorn
Total Commercial Area
71.51
(769)
(1) Areas provided by VOA (www.gov.uk/find-business-rates)
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.
