For sale as a whole this investment property offers two retail units to the ground floor both with cellar storage whilst to the first and second floor are two residential two bedroom flats. All properties are currently fully let and the businesses are unaffected by the proposed sale.
40- 42 High Street Sandbach offers excellent letting potential in a prime position in the town centre. Just a few steps from the bustling market square and enjoying prominent frontages onto the High Street with strong footflow.
Both units are currently let under five year tenancy agreements to established businesses. The two flats above are let under Assured Shorthold Tenancies.
EPC rating: Unknown.
Ground floor retail unit currently let and operated as a vape shop. Principal floor area 6.3m by 4.0m. Toilet block to the rear. Access to shop from both front and rear. Cellar 4.0m x 2.7m. Current rateable value £4,722 per annum.
Ground floor retail unit currently let and operated as a tea shop. Principal floor area 6.3m by 4.0m. Toilet block to the rear. Access to shop from both front and rear. Cellar 3.0m x 2.7m. Current rateable value £4,125 per annum.
Two bedroom first floor flat accessed from the rear of the property. Currently let under an Assured Shorthold Tenancy.
Two bedroom second floor flat accessed from the rear of the property. Currently let under an Assured Shorthold Tenancy.
Gross rentals from all units come to £24,600 per annum, anticipated to rise to £25,800 in 2021-22 Full details are available on request.
All viewings are strictly by appointment with Northwood Crewe and Sandbach.
Rent is not subject to VAT
We 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. The property forms part of a Grade 2 listed building.
The Agent has not tested any equipment, fittings or services and cannot verify that they are in working order. All items normally designated as fixtures and fittings are excluded from the sale unless otherwise stated. The Agent would also point out that the photographs are taken with a non standard lens. These particulars are set out as a guide and do not form part of a contract, neither has the agent checked the legal documents, purchasers/tenants should confirm the postcode for themselves. All room sizes are approximate at the time of inspection.
EPS details are available on request