Investment For Sale Market Place, Cheadle, Stoke-On-Trent, Staffordshire

ST10 1AH

£800,000 Guide price (please check the VAT status)

8,296 Sq Ft (770.7 Sq M)

Mixed use investment for sale

Why choose Market Place, Cheadle, Stoke-On-Trent, Staffordshire ST10 1AH?

  • Sale: £800,000 Guide price (please check the VAT status)
  • 8,296 Sq Ft (770.7 Sq M)

  • Mixed use; Class E and residential
  • 4 x self contained shops fronting the Market Place
  • 6 x Maisonettes on Prince George Street
  • 6x parking spaces
  • Majority let producing £62,150 p.a.
  • ERV c £72,000 p.a.

Where is the Investment located?

Cheadle is a popular market Town in the District of Staffordshire, located 10 miles north of Uttoxeter and 11 miles east of Stoke on Trent.

The investment is well positioned in Cheadle Town Centre. The retail units are situated in an elevated position, overlooking the Market Place. The Maisonettes are to the rear and accessed from Prince George Street.

Cheadle's Market, selling a range of food, drink, crafts, clothing and homeware is held every Tuesday, Friday and Saturday. Other surrounding occupiers include Boots plc, W. H. Smith, Post Office and good range of local traders.

What3Word Location: studs.tasters.renting

What does the Investment comprise?

Mixed use investment with parking. Majority let producing £62,150 p.a. ERV £72,000. 4 x self contained shops & 6 Maisonettes (4x three bed & 2x two bed) with fitted kitchen & separate living room. The 3 bed units benefit from an En-suite. Each apartment has a single parking space located on Prince George Street.

How has the Investment been measured?

The floor areas of the shops have been taken from the VOA and are measured NIA. The areas of the apartments have been taken from the EPC certificates. The buyer must satisfy themselves these areas are correct.

Floor Sq Ft Sq M
Shop 1 1,042 96.8
Shop 2 589 54.72
Shop 3 589 54.72
Shop 4 1,042 96.8
Apartment 1 - 2 bed 710 65.96
Apartment 2 - 3 bed 793 73.67
Apartment 3 - 3 bed 958 89
Apartment 4 - 3 bed 915 85
Apartment 5 - 3 bed 958 89
Apartment 6 - 2 bed 700 65.03
Total8,296771

What has the property been used for?

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).

Are there Utilities?

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.

What is the Rateable Value?

The ground floor shops are currently listed on VOA.gov.uk with the following assessments;

Shop 1 - £9,300
Shop 2 - £5,200
Shop 3 - £5,200
Shop 4 - £8,300

Subject to status the occupying tenants may be able to claim 100% rates relief. The Mews Houses are each separately assessed for council tax and are Band D.

How is the property offered?

Freehold

Shops 1 - 3 are let on IRI leases expiring Q1 2030. Shop 4 is vacant and on the market to let at £9,900 p.a. The maisonettes are each let to private individuals by way of separate AST's.

How much is the Price?

£800,000 Guide price. All figures are quoted exclusive of VAT, we are advised the commerical element is registered for VAT but subject to qualifying criteria the sale may be treated TOGC.

What is the EPC rating?

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)

What are the viewing arrangements?

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.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

11-Feb-2025

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access various property documents.

Mixed use investment Mixed use investment

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

Map showing location of property

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

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