An opportunity to acquire a mixed use investment comprising ground floor retail/beauty rooms and two self contained flats. This attractive three storey property has a rental income of £14,856 per annum and is conveniently located in a prominent location near to Cheadle town centre.
• 1159 sqft Min Size
• 1159 sqft Max Size
• Mixed use Investment
• Income £14,856 pa
• Prominent position
• Close to Cheadle Town Centre
• Ground floor shop
• Two self contained flats
48-50 Chapel Street, Cheadle,
Stoke-on-Trent, ST10 1DY
An opportunity to acquire a mixed use investment comprising ground floor retail/beauty
rooms and two self contained flats. This attractive three storey property has a rental
income of £14,856 per annum and is conveniently located in a prominent location near
to Cheadle town centre.
To view: 01782 212201
www.buttersjohnbee.com l Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, Staffordshire,
48-50 Chapel Street, Cheadle, Stoke-on-Trent ST10 1DY
A three storey property of brick construction under a pitched tile roof, comprising
ground floor retail premises and two self contained one bedroom flats above. To the
rear of the property is a yard, an external staircase leads up to the residential
accommodation. All services are separate with their own independent supplies and
This prominent town centre investment enjoys a rental income of £14,856 per annum.
A schedule of income and tenancies is provided under the paragraph 'Tenure'.
The property is located fronting the roundabout where Chapel Street meets the A522
and Well Street in Cheadle. Sat Nav users should use postcode ST10 1DY. Off street
parking is available immediately in front of the property and there is a pay and display
car park immediately opposite on Asda Supermarket.
Main retail area: 159 Sq ft (14.77 Sq m)
Treatment room one: 91 Sq ft (8.45 Sq m)
Treatment room two: 122 Sq ft (11.33 Sq m)
Staff room/store: 53 Sq ft (4.92 Sq m)
The below accommodation is identical in flat 48a and 50a.
Kitchen: 8ft 9 x 5ft 9 (53 Sq ft)
Living room: 9ft 8 x 12ft 2 (120 Sq ft)
Under stairs cupboard: 2ft 9 x 2ft 6 (8 Sq ft)
Bedroom: 12ft 2 x 9ft 8 (119 Sq ft)
Bathroom: 12ft 2 x 6ft 1 (75 Sq ft)
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.
The VOA website advises the rateable value for 2018/19 is £4050. The standard nondomestic business rates multiplier is 49.3p. The small business multiplier is 48.0p up
to a rateable value of £51,000. 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.
Each flat has a council tax band of A
Bjb recommends interested parties make their own enquiries into the business rate
payable any further business rate relief which may be available.
All mains services are available subject to any reconnection which may be necessary.
Freehold, subject to the Tenancies noted below:
A new agreement from February 2019 (term to be agreed) at £498 pcm / £5976 pa.
The Tenant has been in occupation for 3 years.
Vacant and To Let (Application in progress) at £370 pcm
A new assured shorthold Tenancy at £370 pcm. The Tenant has been in occupation
for 5 years.
Each party is to be responsible for their own legal costs incurred in connection with the
sale / purchase of the property.
Proof on 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. Where a property is due to go to auction, all bidders
will be required to register prior to auction.
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 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.
VAT is NOT applicable to this property.
As the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do not
comment on the condition of the property or other issues relating to title or other legal issues that may
affect this property, unless we have been made aware of such matters. Interested parties should employ
their own professionals to make such enquiries before making any transactional decisions. We have not
carried out a structural survey and the services, appliances and specific fittings have not been tested. All
photographs, measurements, floor plans and distances referred to are given as a guide only and should not
be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and
ground rent (where applicable) and council tax are given as a guide only and should be checked and
confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and
floorplans remain the possession of bjb.
Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Butters John Bee. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Butters John Bee for full details and further information.