Commercial property for sale in High Street, Cheadle, Stoke-On-Trent ST10
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- To be offered on Monday 15 April
- By Order of an Asset Manager
- Investment let at £18,000 pa (11.25% on Guide Price)
- Let to Coral Racing Limited
- Lease expires June 2027 (no breaks)
Property description
Strapline
Auction Sale - 15/04/2024
Of interest to investors
Freehold Retail Investment
Investment let at £18,000 pa (11.25% on Guide Price)
Description
The property is arranged on ground and two upper floors to provide a ground floor betting office with staff ancillary and storage accommodation above. The property intercommunicates with the adjoining shop, also trading as Coral, which is not included in the sale.
Location
The property is located in Cheadle, Staffordshire a town circa 8 miles from Stoke-on-Trent. The property is located in a prominent position on the south side of High Street, the main retailing thoroughfare. Nearby occupiers include Domino's Pizza, jd Wetherspoon and a number of independent shops, cafes and restaurants.
Tenancy
The property is currently let to Coral Racing Limited on a lease expiring 23/06/2027, producing an income of £18,000 per annum.
Accommodation
Please note the approximate areas have been provided by the voa/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
Ground - 93.1 sq m (1,002 sq ft)
First - 61 sq m (657 sq ft)
Second - 74 sq m (797 sq ft)
Total - 228.10 sq m (2,455 sq ft)
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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