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Property Listing Details

Property details

  • Floor area 930 sq. ft

Listing view statistics

Last 30 days: 12 page views

Since listed: 334 page views

Description

Location
The property is located in Leek town centre and benefits from frontage to Russell Street with pedestrianised access to the rear. The Aldi supermarket is immediately opposite the rear entrance porch.

Description
A fantastic opportunity to acquire a town centre investment property. The property consists of a ground floor retail unit currently let out at £7,500 per annum to White Lane Boutique who sell female designer wear and accessories. To the 1st floor there is a self-contained office which is currently vacant, however the office was previously let out at £4,500 per year.

Accommodation
25-27 Russell Street:
Sales area:437 sq.ft.
Kitchen: 66 sq.ft.
WC:-

1st Floor (25a Russell Street):
Office 1: 117 sq.ft.
Office 2: 108 sq.ft.
Office 3: 137 sq.ft.
Kitchen: 65 sq.ft.
WC: -

Total nia: 930 sq.ft.

To the rear are two car parking spaces.

Services
Mains electricity, gas-fired central heating and water are connected. Please note that no services have been tested by the agents.

Terms
Available by way of a new full, repairing and insuring lease (by way of service charge) for a term of years to be agreed, subject to rent reviews every three years. Alternatively, the freehold is available with the current leases being in place at the time of completion.

Outgoings
Business rates

25-27 Russell Street:
Rateable Value: £8,600
Rates payable: £4,222.60 (19/20)

25a Russell Street:
Rateable Value: £3,150
Rates payable: £1,546.65 (19/20)

If you qualify for Small Business Rate Relief then you may be entitled to 100% exemption, subject to status.

VAT
The rent or sale price will not be subject to VAT.

Parking notes
To the rear are two car parking spaces.

Other
Tenancy schedule

25-27 Russell Street:
Tenant: Karen Barnett
Lease: 29th March 2018 – 28th March 2021
Annual rent: £7,500 pax
EPC

Band C - Asset Rating 53

Floorplan

Map & Nearby

Local Amenities

  • Congleton 7.9 miles
  • Longport 9.1 miles
  • St Mary's Catholic Academy 0.3 miles
  • All Saints CofE (A) First School 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Congleton 7.9 miles
  • Longport 9.1 miles
  • St Mary's Catholic Academy 0.3 miles
  • All Saints CofE (A) First School 0.4 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Rory Mack Associates. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Rory Mack Associates for full details and further information.