Available
Middlewich – Bridal Shop
15 Wheelock Street, Middlewich, Cheshire CW10 9AGVirtual Freehold Retail Investment
Price
£140,000
Rent P.A.
£12,000
Yield
8.57%
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
2y 1m
Area
790 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises double fronted ground floor shop t/a Bridal Shop
- 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 Bridal Shop, providing the following accommodation and dimensions:
Shop No.15: 73.4 sq m (790 sq ft)
Open plan retail, storage, wc
Shop No.15: 73.4 sq m (790 sq ft)
Open plan retail, storage, wc
Tenancy Description
The property is at present let to an Individual t/a Bridal Shop for a term of 5 Years from 3rd January 2023 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants (by way of service charge). Rent review on 02.01.26 linked to RPI (uncapped). Tenant break option in January 2026 NOT exercised. Deposit held of £1,800.
Tenure:
Long Leasehold. To be held on a 999 Year lease from completion at a ground rent of peppercorn.
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.
