Offers in excess of

£290,000

2 bedroom House for sale, Cheshire, SK11

Chestergate

3
2
2

Offers in excess of

£290,000

2 bedroom House for sale, Cheshire, SK11

Chestergate

3
2
2

Ref: MAC170032

Tenure: Leasehold
  • SHOP + TWO FLATS + PARKING
  • Over 23k Income P.a - Thats 7.5% Yield
  • Excellent Investment Opportunity
  • Desirable Town Centre Location
  • Please Contact Branch For EPCs
  • On-site Parking Spaces
  • Recently Refurbished Throughout
  • Commercial Property To Ground Floor
  • Apartments To First And Second Floors

The pin shows the exact address of the property 

***ATTENTION INVESTORS*** Exciting investment opportunity with great yield! On current gross income of approx £23,180 this equates to over 7.5% yield. A unique opportunity to purchase a strong investment property. To the ground floor COMMERCIAL SPACE/ SHOP and basement is currently trading as a cafe signed lease on the ground floor commercial unit through to 16th November 2021, the rent is £12,000 per annum. To the first and second floors the fully renovated apartments are accessed via a totally independent entrance through secure gates to the communal door, through a vestibule onto the entrance door to the apartments. The first floor apartment provides a spacious living/kitchen area and bedroom with shower room and is currently in negotiation for 105 per week equating to £5460 per annum, expected move in date mid August 2019. To the second floor the apartment is currently under tenancy application for 110 per week equating to £5720 per annum, this apartment has terms agreed - effective date move in date 1st August 2019. Additionally a potential fourth revenue is available with town centre parking to the rear of the property (4 spaces included in the Freehold). Chestergate is a bustling, pedestrianised commercial corridor that serves the town's residents and visitors and provides an excellent position for potential trade with a high level of footfall throughout the year. If purchased around the 300k mark and assuming that it is based on the figures included within the details, this would provide a potential yield well in excess of 7.5%. A purchase figure lower, then a higher yield of course. This DOES NOT include further potential revenue from the on-site parking. Both apartments have EPC Grade C.

From our office on foot turn left and follow the cobbled street as it bends round to the right up the hill. Proceed over the market place turning left onto Chestergate at Natwest bank. The premises can be located approximately two thirds of the way up this section of Chestergate on the Right hand side.

The sale is for the Freehold and subleases for the Flats. The calculations/ figures used are based on information we have been provided by the current owner with regards to rental incomes from current tenants. This can be subject to change and we advise you do all necessary checks on current rental agreements and income that the property provides.

Picture Room Measurements Notes
COMMERCIAL PREMISES TO GRD FLOORThe ground floor area has recently undergone a full renovation.
Ground Floor
Customer Seating AreaMeasuring in excess of 35ft by 13ft. Glazed window to front elevation with glazed door with upper and side lights.
Kitchen4.44m x 1.80m (14'7" x 5'11")A range of wall, drawer and base units with roll top preparation surface. Stainless steel sink. Corner wall mounted wash basin. Service hatch.
Rear Hall / CorridorDoor leading to external yard. Kitchen and WC's off.
Male And Female WC'sHand wash area leading onto two separate cubicles with close coupled WCs. Wooden panelling to half height. Corner wall mounted wash basin with chrome mixer tap. Recessed down lights.
Basement
Preparation Area3.84m x 2.95m (12'7" x 9'8")Power and lighting.
Storage Area5.13m x 3.76m (16'10" x 12'4")Power and lighting.
APARTMENT TO FIRST FLOORAccessed externally from the rear of the building.
Entrance HallDoor to front elevation. Opening onto living area. Bedroom off.
Open Plan Living Room / Kitchen6.38m x 4.17m (20'11" x 13'8")Two Georgian style sash windows to front elevation. Two electric panel heaters. The open plan kitchen area consists of a range of wall, drawer and base units with roll top preparation surface incorporating a stainless steel sink and peninsula breakfast bar. Integrated electric oven with four ring 'touch' control hob and stainless steel extraction hood. Defined space for washing machine and tall fridge freezer. Partially tiled splash back and wall.
Bedroom3.15m x 2.24m (10'4" x 7'4")Electric panel heater. Understairs storage area.
En-SuiteSuite comprising of tiled shower enclosure with folding door and 'Triton' electric shower, wash basin with chrome mixer tap inset to vanity cupboard and close coupled WC. Extraction.
APARTMENT TO SECOND FLOORAccessed externally from the rear of the building.
Entrance HallDetails to be confirmed.
Open Plan Living Room / KitchenDetails to be confirmed.
BedroomDetails to be confirmed.
En-SuiteDetails to be confirmed.
OutsideSmall yard area to rear.
PARKINGFour defined parking spaces to rear, adjacent to the rear wall of the property.
Location Maps

IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A

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Reeds Rains Macclesfield

01625 428915

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Reeds Rains, Macclesfield

37-39 Church Street,
Macclesfield,
SK11 6LB
macclesfield@reedsrains.co.uk
Branch details
01625 428915