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30 Hospital Street, Nantwich, CW5 5RP

£350,000
  • Availability: Sold
  • Tenure: Freehold
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Property Features

  • Excellent location near the Cocoa Yard
  • Attractive investment opportunity
  • Ground floor commercial shop
  • Two residential flats above
  • Freehold
  • Fully occupied building

Property Summary

A Grade II Listed mixed commercial/ residential use investment located in a prominent and highly desirable position on Hospital Street in the charming market town of Nantwich.

Full Details

Description
he property is a Grade II Listed Building and occupies a prominent position along Hospital Street on the corner of the entrance to the Cocoa Yard. Nearby retailers include: Costa Coffee, Jepsons of Nantwich, Shutters By Design and a wealth of other independent shops.

The ground floor is a self contained retail unit with an approximate floor area of 479 sq ft and is let to Messrs J Bowler and J Cafferty, t/a Whitegates on a new 7 year lease from January 2023 at a rent of £12,000 per annum on an internal repairing basis with service charge provision. The tenant has been in occupation for nearly 12 years.

The first and second floors are let out separately as individual one bedroom flats with access from the rear of the property via an external staircase. Each flat comprises a double bedroom, sitting room, kitchen and bathroom and has gas central heating. Both flats are let on assured shorthold tenancies with a combined rental income of £11,700.

The first floor flat is occupied on a 6 month AST at a rent of £475 pcm expiring June 2023. The current tenant has been in occupation since June 2018. The second floor flat is occupied on a 12 month AST at a rent of £500 pcm expiring September 2023. The tenant has been in occupation since September 2020.

Situation
Number 30 is situated in a highly desirable location on Hospital Street, one of Nantwich's most charming independent shopping streets and a highly convenient residential location. The property is within easy walking distance to all local amenities, including a range of coffee shops, bars, restaurants, leisure centre, Nantwich lake and the local Primary and Secondary Schools.

Nantwich is an affluent market town in South Cheshire lying approximately 4 miles South West of Crewe which has direct railway links to London Euston in 90 minutes. Nantwich is located 19 miles South East of Chester and 15 miles North West of Stoke on Trent. The town benefits from excellent road communications being situated at the junction of the A51 and A534 which provides direct access to Chester and junction 17 of the M6 motorway respectively. In addition, the A500 provides a direct link to junction 16 of the M6 motorway and Stoke on Trent.

Liverpool John Lennon Airport and Manchester International Airport are both within a 45 minute drive from the town centre.

Tenure
Freehold subject to the existing tenancies

Council Tax/business rates
1st and 2nd floor flats- Band A
Ground floor shop- rateable value of £11,500

Method of sale
Private Treaty

EPC
Ground floor retail- EPC in progress
First floor flat- D Rating
Second floor flat- C rating

Services
All mains services

VAT
The property is not ellected for VAT

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