Available
Middlewich – Convenience Store
17 Wheelock Street, Middlewich, Cheshire CW10 9AGVirtual Freehold Retail Investment
Price
£110,000
Rent P.A.
£10,473.75
Yield
9.52%
Tenure
Leasehold
Lease Term
7 Years
Years Left on Lease
5y 2m
Area
397 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor shop t/a Convenience Store
- Situated in the heart of the town centre on the south side of Wheelock Street, close to its junction with St Michael’s Way, with occupiers close by include Tesco Express, Nationwide, Lidl, Home Bargains and more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises double fronted ground floor shops t/a Convenience Store, providing the following accommodation and dimensions:
Shop No.17: 36.9 sq m (397 sq ft)
Open plan retail, storage, wc
Shop No.17: 36.9 sq m (397 sq ft)
Open plan retail, storage, wc
Tenancy Description
The property is at present let to an Individual t/a Convenience Store for a term of 7 Years from 20th December 2023 at a current rent of £10,473.75* per annum and the lease contains full repairing and insuring covenants (by way of service charge). Rent review on 20.12.2027 linked to RPI (5% collar and 8% cap). Break clause in 2025 NOT exercised. Deposit held of £2,850.
*Tenant currently pays rent of £9,500 p.a. until 20.12.25. The vendor will top-up rent so the buyer receives the equivalent to £10,473.75 p.a. from sale completion
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
*Tenant currently pays rent of £9,500 p.a. until 20.12.25. The vendor will top-up rent so the buyer receives the equivalent to £10,473.75 p.a. from sale completion
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Middlewich is a prosperous market town 20 miles east of of Chester and 7 miles south of Northwich. In close proximity to the A54 which links to junction 18 of the M6 Motorway. The property is situated on the south side of Wheelock Street, close to its junction with St Michael’s Way. Occupiers close by include Tesco Express, Nationwide Building Society, NFU Mutual, Morrisons, Lidl, Home Bargains, Cancer Research UK amongst many other local traders.
