Guide price
£800,000
(£96.43/sq. ft)
Block of flats for saleMarket Place, Cheadle, Stoke-On-Trent, Staffordshire ST10
8,296 sq. ft
Just added
Freehold
About this property
4 x self contained shops fronting the Market Place
6 x Maisonettes on Prince George Street
Rear yard for parking
Fully let producing £73,670 p.a.
Attractive 9.0% gross yield
Centrally positioned overlooking Cheadle Market Place
Description
Fully let mixed-use town-centre investment comprising 4x shops and 6x maisonettes, Together with a rear yard providing car parking, accessed from Prince George Street.
The shops are each self contained and face onto the market square. The residential accommodation comprises four three-bedroom and two two-bedroom maisonettes, each with a fitted kitchen and separate living room. The three-bedroom properties also benefit from en-suite facilities.
Accommodation
Approximate areas are based on voa measurements for the shops and EPCs for the residential accommodation. Areas should be confirmed.
Location
Cheadle is a popular Staffordshire Moorlands market town, approximately 10 miles north of Uttoxeter and 11 miles east of Stoke-on-Trent.
The property occupies a prominent elevated position overlooking Cheadle Market Place, with the shops fronting the Market Place and residential accommodation accessed from Prince George Street. Nearby occupiers include Boots, WHSmith, Post Office and a good mix of independent retailers.
Staffordshire Moorlands District Council has acquired Cheadle Market and is progressing plans for major investment in the Market Hall and outdoor Market Place as a catalyst for wider town-centre regeneration. Cheadle is also approximately 4 miles from Alton Towers Resort.
What3Word Location: Studs.tasters.renting
Planning
We believe the shops all fall under Class E (Commercial, Business and Service), the apartments are C3 (Residential) of the Town and Country Planning (Use Classes) Order 1987 (as amended) All parties should confirm the planning position with the relevant Local Authority. The property is gii listed (List id 1374669).
VAT
All figures are quoted exclusive of VAT, we are advised the commercial element is registered for VAT but subject to qualifying criteria the sale may be treated togc.
EPC
Shop 1 - C (67)
Shop 2 - C (74)
Shop 3 - D (85)
Shop 4 - D (93)
Apartment 1 - D (62)
Apartment 2 - C (75)
Apartment 3 - C (74)
Apartment 4 - C (74)
Apartment 5 - C (75)
Apartment 6 - D (64)
Services
All mains services with the exception of gas are connected to the property. Each unit is separately metered. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.
Tenure Comments
Shops 1-3 are let on leases expiring in Q1 2030, with Shop 4 let until 2028. The shops currently produce a combined rent of £29,030 pa. There are fixed rent increases to £30,264 in 2028 and £30,844 pa in 2029.
The six maisonettes are each let to private individuals by way of separate assured periodic tenancies.
Viewing
Tenants are unaware of the sale. Interested parties should carry out a "secret shop" to inspect the retail areas. A virtual tour is available of Mews House No.2. A physical viewing of the whole will be possible for the preferred purchaser. Omeeto do not take any responsibility for any loss or injury caused whilst carrying out a site visit.
Fully let mixed-use town-centre investment comprising 4x shops and 6x maisonettes, Together with a rear yard providing car parking, accessed from Prince George Street.
The shops are each self contained and face onto the market square. The residential accommodation comprises four three-bedroom and two two-bedroom maisonettes, each with a fitted kitchen and separate living room. The three-bedroom properties also benefit from en-suite facilities.
Accommodation
Approximate areas are based on voa measurements for the shops and EPCs for the residential accommodation. Areas should be confirmed.
Location
Cheadle is a popular Staffordshire Moorlands market town, approximately 10 miles north of Uttoxeter and 11 miles east of Stoke-on-Trent.
The property occupies a prominent elevated position overlooking Cheadle Market Place, with the shops fronting the Market Place and residential accommodation accessed from Prince George Street. Nearby occupiers include Boots, WHSmith, Post Office and a good mix of independent retailers.
Staffordshire Moorlands District Council has acquired Cheadle Market and is progressing plans for major investment in the Market Hall and outdoor Market Place as a catalyst for wider town-centre regeneration. Cheadle is also approximately 4 miles from Alton Towers Resort.
What3Word Location: Studs.tasters.renting
Planning
We believe the shops all fall under Class E (Commercial, Business and Service), the apartments are C3 (Residential) of the Town and Country Planning (Use Classes) Order 1987 (as amended) All parties should confirm the planning position with the relevant Local Authority. The property is gii listed (List id 1374669).
VAT
All figures are quoted exclusive of VAT, we are advised the commercial element is registered for VAT but subject to qualifying criteria the sale may be treated togc.
EPC
Shop 1 - C (67)
Shop 2 - C (74)
Shop 3 - D (85)
Shop 4 - D (93)
Apartment 1 - D (62)
Apartment 2 - C (75)
Apartment 3 - C (74)
Apartment 4 - C (74)
Apartment 5 - C (75)
Apartment 6 - D (64)
Services
All mains services with the exception of gas are connected to the property. Each unit is separately metered. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.
Tenure Comments
Shops 1-3 are let on leases expiring in Q1 2030, with Shop 4 let until 2028. The shops currently produce a combined rent of £29,030 pa. There are fixed rent increases to £30,264 in 2028 and £30,844 pa in 2029.
The six maisonettes are each let to private individuals by way of separate assured periodic tenancies.
Viewing
Tenants are unaware of the sale. Interested parties should carry out a "secret shop" to inspect the retail areas. A virtual tour is available of Mews House No.2. A physical viewing of the whole will be possible for the preferred purchaser. Omeeto do not take any responsibility for any loss or injury caused whilst carrying out a site visit.
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