Retail Property (High Street)
A Grade II listed attractive and well maintained town centre mid-terraced property on the high street in Cheadle, Staffordshire.
The building comes with a retail unit on the ground floor, alongside storage, kitchen and WC. On the first and second floors are further offices and storerooms ideal for residential conversion, subject to planning. Constructed out of brick elevations and supporting a pitched tiled roof surface the property is in a prime retail location, close to numerous independents, nationals and a large public carpark.
At the rear of the property is parking for 5 or 6 cars with a yard area and entrance to the back of the building.
The property offers a great deal of scope for an owner occupier looking to trade from the high street or property investor/developer looking to refurbish and renovate the building to provide optimum income potential.
Location:
The property occupies a very prominent location with roadside frontage to High Street in the busy and vibrant centre of Cheadle. Opposite and in a row consisting of mainly independent and boutique shops and eateries.
Planning:
Currently used as a retail premises the property has an E Use Class Order (effective 1st September 2020) which permits a wide range of retail, office, medical and health services uses.
Accommodation:
Ground Floor: First Floor:
Sales area 1 335 sq ft Front room 310 sq ft
Sales area 2 120 sq ft Office 121 sq ft
Sales area 3 156 sq ft Stock room 118 sq ft
Kitchen 90 sq ft
Stock room 71 sq ft Second Floor
Store room 127 sq ft Room 1 126 sq ft
WC - Room 2 287 sq ft
Additional storage 95 sq ft
Total NIA: 1,956 sq ft
We are advised there is No VAT applicable.
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
