30 Market Centre, Crewe, Cheshire, CW1 2NG

Freehold Retail Investment Opportunity

Property details

Type Investment
Tenure Freehold, subject to the existing tenancy.
Price Offers based on £105,000
Mail icon

Enquire about this property

Save property
  • Ideal private investor town centre investment opportunity
  • Let for a terms of 5 years, expiring 22/01/2025
  • Passing rent - £9,000 per annum
  • Situated directly opposite Market Centre Car Park & Iceland
  • Freehold - offers based on £105,000, equating to a NIY of 8.42%

The property comprises a ground floor commercial property, and extends to 352 sq. ft. The property trades as beauticians as is situated in a prominent position at the pedestrian access route to the main shopping centre.

The property occupies a prominent position opposite the Market shopping centre main car park in central Crewe, which is an affluent market town situated in the District of Crewe and Nantwich, and the County of Cheshire. The property is located on Victoria Street fronting Market Centre , which is situated within the core retail area of Crewe Town Centre, at the junction of the prime pedestrianised retail thorough fares of Victoria Street and Market Street. Nearby occupiers include Superdrug, River Island, Lloyds Bank & Iceland Foods. Market Centre is the prime scheme in the town centre and adjoins a 170 space car park. It is the hub of the local community, where almost 100,000 people visit every week - to meet friends and family, to eat, drink, work and for leisure. Crewe lies 24 miles south-east of Chester and 36 miles south-west of Manchester and is one of the largest train stations in the Northwest and a major interchange station on the West Coast main line. Crewe has been proposed as the site of a transport hub for the new HS2 line. Crewe town centre is home to several large employers, including AstraZeneca, Bentleys Motors, Barclays Bank and Network Rail. There are also several business parks around town which host light industry and offices.
Ground Floor
352 sq. ft. (32.71 sq m)
Freehold, subject to the existing tenancy.
The property is let in its entirety to Kamalhit Bangar (trading as Beautonic Beauty) for a term of 5 years from 23/1/2020, expiring 22/1/2025. The passing rent is £9,000 per annum.
Offers based on £105,000 are invited for the Freehold interest, reflecting a net initial yield of 8.42%, after usual purchasers costs.
Business Rates
Rateable value - £14,000.
Service Charge
There is a variable service charge recharged to the occupational tenant, to cover the provision of communal services and maintenance. A copy of the latest service charge budget is available upon request.
We are advised that VAT is payable, although it is anticipated that the transaction will be dealt with by way of a TOGC.
Available upon request.
Legal Costs
Each party is to be responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.