4 bedroom detached house for sale

A VALUABLE MIXED COMMERCIAL/RESIDENTIAL INVESTMENT OPPORTUNITY IN AUDLEM VILLAGE CENTRE, FULLY OCCUPIED, TO INCLUDE FOUR COMMERCIAL TENANTS, TWO RESIDENTIAL TENANTS LET TO PRODUCE £29,200 WITH FIXED AND POTENTIAL RENTAL GROWTH

(PLEASE SEE ALL 6 FLOOR PLANS ATTACHED FOR MORE DETAILS)

A VALUABLE MIXED COMMERCIAL/RESIDENTIAL INVESTMENT OPPORTUNITY IN AUDLEM VILLAGE CENTRE, FULLY OCCUPIED, TO INCLUDE FOUR COMMERCIAL TENANTS, TWO RESIDENTIAL TENANTS LET TO PRODUCE £29,200 WITH FIXED AND POTENTIAL RENTAL GROWTH

Description - The property occupies a prominent position with access to all four commercial units from Shropshire Street itself with on road and on site parking. There is a separate access to the rear of the site to the two apartments via Kingbur Place. The property is of brick construction with pitched tile synthetic slate roofs and timber frame windows and shop fronts to the ground and upper floors. The commercial units are let to a hairdresser, barbers, internal design studio and charity shop and the two bedroom flat and the three bedroom maisonette are let out on assured shorthold tenancies. We set out below a brief description
of each unit of accommodation.

6 Shopshire Street-a lock up shop occupied by Braids Hairdressers comprising shop area, treatment room, w.c. and kitchen

6B Shropshire Street-a shop unit occupied by EPS Barbers comprising shop area, two store rooms, rear kitchen and w.c.

8 Shropshire Street-a shop unit occupied by Dressing Rooms comprising ground floor shop area with kitchen, w.c. and store room areas to first and second floor

10 Shropshire Street-a separate two storey building and car parking area trading as Audlem Charity Shop comprising shop area at ground floor and store area to the first floor plus w.c.

6A Shropshire Street-a first floor flat comprising two bedrooms, living/dining room, bathroom, hallway and kitchen/breakfast room

8A Shropshire Street-a two storey maisonette comprising living room and kitchen to the ground floor and 3 bedrooms with bathroom at first floor. Brick Store.

Location & Amenities - Audlem village is an attractive country village and provides a number of local shops including a post office, chemist, butchers, local CO OP store and newsagents, health centre, modern primary school, three cafes, three public houses and a wide variety of community activities.

Nantwich 7 miles, Crewe 9 miles, Newcastle Under Lyme 14 miles, Chester 26 miles, Crewe railway station (Manchester 40 minutes, London Euston 90 minutes) 9 miles, M6 junction 16 12 miles.

Directions - From Nantwich proceed along the A5290 over the level crossings into Wellington Road, (this become Audlem Road). Proceed for 6.5 miles into the centre of Audlem, with the church on your left, turn right, proceed for 50 yards and the property is located on the right hand side.

Accommodation - The premises have the following approximate gross internal floor areas:

Ground Floor 6 Shropshire Street Braids Hairdressers 510 Sq Ft 47.40 Sq M

Ground Floor 6B Shropshire Street EPS Barbers 529 Sq Ft 49.10 Sq M

Ground Floor 8 Shropshire Street Dressing Rooms (internal design studio) 700 Sq Ft 65.10 Sq M

First Floor 8 Shropshire Street Dressing Rooms (internal design studio) 213 Sq Ft 19.60 Sq M

Second Floor 8 Shropshire Street Dressing Rooms (internal design studio) 766 Sq Ft 71.20 Sq M

Ground Floor 10 Shropshire Street Audlem Charity Shop 392 Sq Ft 36.40 Sq M

First Floor 10 Shropshire Street Audlem Charity Shop 287 Sq Ft 26.60 Sq M

First Floor 6A Shropshire Street J Ferras Gomes and P A Cassina 794 Sq Ft 73.80 Sq M

Ground Floor 8A Shropshire Street B. Latham 320 Sq Ft2 9.70 Sq M

First Floor 8A Shropshire Street B. Latham 527 Sq Ft4 8.90 Sq M

TOTAL 5,038 Sq Ft 467.80 Sq M

Tenure - The premises are available freehold, subject to the following tenancies

6 Shropshire Street Braids Hairdressers 5 years with effect from 14.7.2018 £5,350 Internal repairing and insuring terms. A new 5 year lease agreed with effect from (TBC), £6,500 year one, £7,000 year two and £8,000 per annum in years three to five.

6B Shropshire Street EPS Barbers 5 years with effect from 29.9.2020 £4,500 Internal repairing and insuring terms. There is a tenant break option and rent review as at 28.9.2023

8 Shropshire Street Dressing Rooms (internal design studio) 6 years with effect from 17.2.2020 £4,500 Internal repairing and insuring terms

10 Shropshire Street Audlem Charity Shop 6 years with effect from 25.6.2022 £3,500 Full repairing and insuring terms There is a Rent review as at 25.6.2025

6A Shropshire Street J Ferraz Gomes and P Cassina 1 year with effect from 21.3.2021 £5,400 The tenants are currently holding over on an Assured Shorthold Tenancy

8A Shropshire Street B. Latham 1 year with effect from 14.7.2020 £5,700 The tenants are currently holding over on an Assured Shorthold Tenancy

Grand total for Current Rent Per Annum - £29,200

Energy Performance Certificates - 6 Shropshire Street B-50

6B Shropshire Street C-67

8 Shropshire Street D-97

10 Shropshire Street E-106

6A Shropshire Street D

8A Shropshire Street E

Legal Costs - Each party is responsible for their own legal costs.

Vat - We are advised that the property is not elected for VAT

Anti Laundering Regulations - In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

Viewings - Strictly by Appointment with the Joint Selling Agents, Baker, Wynne & Wilson, John Baker[use Contact Agent Button] and Legat Owen, Andy Butler[use Contact Agent Button]