Fully let mixed use investment located in the town centre of Sandbach with a combined rental income of £39,700 per annum. The commercial tenants have been in occupation for a number of years and have renewed their leases in 2023, which gives assurance to investors seeking a lucrative and secure opportunity to invest in.

Description:

The property is Grade II listed, a fine Tudor building that comprises two ground floor retail premises and two flats on the first floor. The flats are accessed through a doorway on the High Street that lead to a communal hallway and stairs leading up to the flats. 34 High Street is currently a bar known as 'The Cobbles Bar'. 36 High Street is currently a Lettings office for 'Stephenson Browne Estate Agents'. Flat 34A is a two bedroom flat. Flat 34B is a one bedroom flat. There is a shared laundry room between the two flats.

Location:

The property is located within the Conservation Area of Sandbach on the High Street opposite The George Inn and a few yards away from Market Square. There are a variety of local retailers nearby including Iceland, Waitrose, florist, fish and chip shop as well as Estate Agents and Hair and Beauty premises.

Accommodation:

34 High Street :

Retail : 340 sq ft (31.55 sq m)
Ancillary/Store : 134 sq ft (12.43 sq m)
Kitchen : 50 sq ft (4.64 sq m)
Office : 75 sq ft (6.99 sq m)

Total : 599 sq ft (55.61 sq m)

36 High Street :

Bar : 520 sq ft (48.33 sq m)
Kitchen : 115 sq ft (10. sq m)
Rear Lobby : 67 sq ft (67.81 sq m)
Ladies & Gents WCs
Cellar not inspected

Total: 702 sq ft (65.21 sq m)

Flat 34A :

Lounge/Diner : 159 sq ft (14.79 sq m)
Kitchen : 40 sq ft (3.77 sq m)
Bedroom 1 : 106 sq ft (9.83 sq m)
Bedroom 2 : 155 sq ft (14.36 sq m)
Bathroom : 41 sq ft (3.8 sq m)
Boiler Room

Total : 501 sq ft (46.5 sq m)

Flat 34B :

Lounge/Diner : 228 sq ft (21.2 sq m)
Bedroom : 169 sq ft (15.7 sq m)
Kitchen : 33 sq ft (3.1 sq m)
Shower Room : 42 sq ft (3.9 sq m)

Total : 472 sq ft (43.9 sq m)

Total 2,274 SQ FT (212 SQ M)

Rating & Council Tax:

The VOA website advises the rateable value for April 2023 to present for 34 High Street is £9,300. For 36 High Street, this is £11,500. The standard non-domestic business rates multiplier is 55.5p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for up to 100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Council Tax Bands:

Flat 34A: A
Flat 34B: A

Tenure - Freehold:

Freehold subject to the following leases and tenancies:

34 High Street: Let to 'The Cobbles Bar' on a 5 year lease from 6th July 2023. Rent £13,500 per annum

36 High Street: Let to 'Stephenson Browne Estate Agents' on a 5 year lease from 21st September 2023. Rent £13,000 per annum

Flat 34A: 6 month AST from 23rd November 2023. Rent £6,900 per annum

Flat 34B: 6 month AST from 29th January 2024. Rent £6,300 per annum

Total combined rent: £39,700 per annum

Viewing:

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.

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.