Investment, For Sale (Under offer)

72. Market Street, Hednesford, Staffordshire, WS12 1AG.

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Details

Property reference:
CA/BP/2173/a0322/AWH

Address:
72. Market Street, Hednesford, Staffordshire, WS12 1AG.

Location:
Hednesford is located approximately 4 miles north of Cannock and 5 miles south of Rugeley, being linked by the A460 trunk road which in turn provides access to Junction T7 of the M6 Toll Road at Watling Street (A5) to the south. Junctions 11 and 12 of the M6 motorway are approximately 11 miles distant and the subject property occupies a prominent position on Market Street.

Description:
The property provides a double fronted terraced shop with 2 residential flats above. There is an archway which provides access to the flats and garden.

Detailed Specification

  • Size: 983 sq ft (91.3 sq m)
  • Price/ Rent: Offers over £225,000 are invited for the Freehold interest.
  • Accommodation:

    All measurements are approximate:

    Ground FloorKatharine House Hospice983 sq ft

    (91.3 sq m)

    First Floor
    Flat 1Bedsit
    Flat 21 bedroomed flat

  • Planning: We understand all mains services are available.
  • Local authority: Cannock Chase Council Tel: 01543 462621.
  • Tenancy: TENURE: The Property is available to purchase Freehold subject to the occupational leases (as detailed in the attached Tenancy Schedule). Retail unit let to Katharine House Hospice on a new 3 year lease at £8,500 pax. Flat 1 is let on an AST (holding over) at £3,900 pax. Flat 2 is let on an AST (holding over) at £5,900 pax.
  • Viewing: Strictly by prior appointment with the Agent's Cannock office. Contact: Andrew Hartley email: andrew@adixon.co.uk Tel: 01543 506640.
  • Energy Performance Certificate (E.P.C.): 72 Market Street (Ground Floor Retail Shop) - Energy Performance Certificate awaited. Flat 1, First Floor - E-50 & Flat 2, First Floor - E-48.
  • E.P.C. Number: Flat 1: 9258-6088-6217-6828-8914. Flat 2: 8304-4217-5022-1027-6503.
  • V.A.T.: The property has not been elected for VAT.
  • Legal Cost: Each party is to bear their own legal and professional costs in this matter.
  • Terms: Freehold.
  • Service Charge: We understand that a service charge is levied for the maintenance and upkeep of common parts and areas.
  • Rateable Value: 72 Market Street (Ground Floor Retail Shop) - £8,900. Flat 1 & Flat 2 - Band A. Valuation Office.
  • Rates Payable: 72 Market Street (Ground Floor Retail Shop) - £3,996.10 - 2022/2023. Flat 1 & Flat 2 - £1,077.19 - 2022/2023 (for each unit).
  • Further Information:

    TENANCY SCHEDULE

    DemiseTenantPassing RentLease Details
    72 Market Street (Ground Floor)Katharine House Hospice£8,500 per annum

    * Lease dated 17 Jan 2022
    * 3 years from 25 Dec 2021

    * Subject to a Photographic Schedule of Condition

    Flat 1 (First Floor)Adrian-Ionut Vicol£325 per calendar month* Lease dated 25 Jun 2021
    * 12 months from 25 Jun 2021
    Flat 2 (First Floor)Katy May Ellen Burns£450 per calendar month* Lease dated 20 Jan 2018
    * 12 months from 20 Jan 2018
    * Tenant holding over
    Total Rental Income£17,800 per annum

Disclaimer: Messrs. Andrew Dixon & Co. (and their joint agents, where applicable) for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that : (1) The particulars are set out as a general outline for the guidance of intending purchasers or lessors, and do not constitute, nor constitute part of, an offer or contract. (2) Any information contained herein (whether in the text, plans or photographs etc.) is given in good faith but without responsibility and is believed to be correct. Any intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No employee of Messrs. Andrew Dixon & Co. has any authority to make or give representation or warranty whatsoever in relation to this property. (4) Whilst every care has been taken to prepare these particulars, we would be grateful if you could inform us of any errors or misleading descriptions found in order that we may correct them in our records.