Report a Fault 31-33 High Street, Nantwich, Cheshire, CW5 5AH
6,817 Sq Ft
£900,000
- Type: Investment
- Availability: Available
Situation
The property occupies a prominent position within the prime retailing area of Nantwich centered around High Street, Churchyard side, and Pepper Street overlooking the town square. Nearby retailers include Fat Face, Joules, W H Smith, Holland & Barratt, NatWest Bank, Chatwins Bakers and the Crown Hotel.
Description
We are instructed to seek offers in excess of £900,000.
Net initial yield 9.5% subject to contract and exclusive of VAT. Yield net of purchaser's costs at 5.63%.
* Nantwich is an affluent market town in the heart of Cheshire with a vibrant retail centre.
* The property comprises a prominent position in the centre of the town within the main retailing pitch.
* The investment offers an attractive 3-storey building with retail accommodation on the ground floor with ancillary first and second floors.
* Freehold Title includes servicing yard and parking to the rear.
* The property is let to no. 3 excellent covenants comprising Bayfields Opticians, R.Roberts & Son (Warrington) Ltd (Clarks Shoes) and Timpson.
* All 3 tenants with a long unbroken history of occupation and use in Nantwich
* Current passing rent totaling £90,000 pa.
* WAULT to lease expiry 6 years 6 months (2 years 4 months to first break)
Tenure Comments
The property is held Freehold under title no. CH234650.
Please note the title includes the service yard/parking to the rear with vehicular access via Pepper Street.
Price
Offers in excess of £900,000
EPC
EPC Certificates for the property can be obtained upon request.
VAT
The property has been elected for VAT purposes.
Inspection
Faye Pattenden
01606 351351
Agency@fifieldglyn.com
The property occupies a prominent position within the prime retailing area of Nantwich centered around High Street, Churchyard side, and Pepper Street overlooking the town square. Nearby retailers include Fat Face, Joules, W H Smith, Holland & Barratt, NatWest Bank, Chatwins Bakers and the Crown Hotel.
Description
We are instructed to seek offers in excess of £900,000.
Net initial yield 9.5% subject to contract and exclusive of VAT. Yield net of purchaser's costs at 5.63%.
* Nantwich is an affluent market town in the heart of Cheshire with a vibrant retail centre.
* The property comprises a prominent position in the centre of the town within the main retailing pitch.
* The investment offers an attractive 3-storey building with retail accommodation on the ground floor with ancillary first and second floors.
* Freehold Title includes servicing yard and parking to the rear.
* The property is let to no. 3 excellent covenants comprising Bayfields Opticians, R.Roberts & Son (Warrington) Ltd (Clarks Shoes) and Timpson.
* All 3 tenants with a long unbroken history of occupation and use in Nantwich
* Current passing rent totaling £90,000 pa.
* WAULT to lease expiry 6 years 6 months (2 years 4 months to first break)
Tenure Comments
The property is held Freehold under title no. CH234650.
Please note the title includes the service yard/parking to the rear with vehicular access via Pepper Street.
Price
Offers in excess of £900,000
EPC
EPC Certificates for the property can be obtained upon request.
VAT
The property has been elected for VAT purposes.
Inspection
Faye Pattenden
01606 351351
Agency@fifieldglyn.com
