Available
Middlewich – Vape Shop
21 Wheelock Street, Middlewich, Cheshire CW10 9AGVirtual Freehold Retail Investment
Price
£120,000
Rent P.A.
£9,000
Yield
7.50%
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
Holding Over
Area
360 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises ground floor shop t/ Vape 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 Vape Shop, providing the following accommodation and dimensions:
Shop No.21: 33.4 sq m (360 sq ft)
Open plan retail, storage, wc
Shop No.21: 33.4 sq m (360 sq ft)
Open plan retail, storage, wc
Tenancy Description
The property is at present let to Vapeorist (Middlewich) Ltd t/a Vape Shop for a term of 6 Years from 1st February 2020 at a current rent of £9,000 per annum and the lease contains full repairing and insuring covenants (by way of service charge). Deposit held of £750. Tenant in occupation since 2018.
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.
