A block of three single storey retail units within a larger parade of other similar commercial businesses. Each unit has a glazed shop frontage and constructed with traditional brick elevations, supporting a flat roof surface. Each retail unit is self-contained and separately metered with the accommodation comprising sales area, rear store/kitchenette and WC. The property also benefits from a landed area to the rear providing car parking for four vehicles.

LOCATION
The property is located on Beam Street in the centre of Nantwich, a vibrate and affluent market town within Cheshire, adorned within boutiques, antiques and restaurants and steeped in history. There are a range of other retail/commercial occupiers within close proximity to include: Marks and Spencer’s, Subway, Nantwich library together with a range of independent operators.

DESCRIPTION
A block of three single storey retail units within a larger parade of other similar commercial businesses. Each unit has a glazed shop frontage and constructed with traditional brick elevations, supporting a flat roof surface. Each retail unit is self-contained and separately metered with the accommodation comprising sales area, rear store/kitchenette and WC. The property also benefits from a landed area to the rear providing car parking for four vehicles.

ACCOMMODATION
Sales Area Total NIA
52 Beam Street: 401 sq. ft. 556 sq. ft.
54 Beam Street: 416 sq. ft. 576 sq. ft.
56 Beam Street: 478 sq. ft. 543 sq. ft.

SERVICES
All mains services are connected. Please note that no services have been tested by the agents.

TERMS
Available freehold subject to existing tenancies in place at the asking price of £395,000 which against the current rental income of £28,806 p.a. provides a gross ROI of 7.29%

OUTGOINGS
Each unit has a 2017 assessment. Each tenant is responsible for business rates liability.
52: £7,800 p.a.
54: £8,500 p.a.
56: £8,400 p.a.

VAT
This sale will not be subject to VAT.

PARKING NOTES
CAR PARKING INCOME
Let by way of 12 months License Agreement
52 Beam Street £200 p.a.
56 Beam Street £200 p.a.
60 – 62 Beam Street £200 p.a.

Total overall income £29,406 p.a.

OTHER
EPC
52: Band D (asset rating 79)
54: Band E (asset rating 112)
56: Band D (asset rating 79)

TENANCIES
52 Beam Street:
Occupied by Ms Nhung Hong Ti Pham trading as Gossip Nails by way of a 5 year FRI lease from 21/08/14 with a rent review at the end of year 3, at an annual rent of £9,750.

54 Beam Street:
Occupied by David and Jennifer Preece trading as Dad’s n Lads by way of a 10 year FRI lease from 07/06/11 with a rent review at 07/06/19, at an annual rent of £7, 956.

56 Beam Street:
Occupied by County F.S (Southport) LLP by way of a 5 year FRI lease from 02/12/15 at an annual rent of £10,500.

52-56 Beam Street,
Nantwich
CW5 5LJ
  • Commercial Investment

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