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

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

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.

Approximate areas are based on VOA measurements for the shops and EPCs for the residential accommodation. Areas should be confirmed.

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).

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.

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.

Freehold

Shops 1-3 are let on leases expiring in Q1 2030, with Shop 4 let until 2028. The six maisonettes are each let to private individuals by way of separate assured periodic tenancies.

£800,000 Guide price. 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.

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)

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.