Commercial property for sale

A two storey mixed use investment let on separate tenancy agreements with a current income of £16,140 pa. The property comprises a ground floor retail premises and first floor flat with garden to the rear.

Location

The property is located on Hightown, off West Street and to the rear of Asda Crewe Superstore.

Accommodation

Ground Floor
Sales area: 308 Sq ft (28.60 sq m)
Rear room : 99 sq ft (9.19 sq m)
Kitchen: 75 sq ft (6.95 sq m)
W.c.

First Floor
Lounge : 192 sq ft (17.87 sq m)
Bedroom with built in furniture : 100 sq ft (9.28 sq m)
Storage room with built in cupboard : 46 sq ft (4.23 sq m)
Shower room
Kitchen : 83 sq ft (7.71 sq m)

Total : 903 sq ft (83.83 sq m)

Services

Mains electric and water services are available subject to any reconnection which may be necessary. There is no gas connection to the property. The ground and first floor are on separate meters.

Planning

Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Rating

The voa website advises the rateable value for 2024/25 is £4,550. The standard non-domestic business rates multiplier is 54.6p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Tenure - Freehold

Freehold subject to existing tenancies in place. The ground floor tenant is on a 10 year lease which commenced July 2022 at £7,800 per annum and the first floor is let on an AST at £695 pcm.

Epc

Energy Performance Certificate number and rating is;
Shop - 100 D
Flat - 47 E

Vat

VAT is not applicable.

Proof Of Identity

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee.

Legal Costs - Sale

Each party is responsible for their own legal costs in respect of the sale of this premises.

Viewing

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.