Commercial property for sale in Hall Yard Buildings, High Street, Tean, Staffordshire ST10

• Fully let mixed use investment opportunity producing £21,621 pa
• Ground floor operating as a longstanding kitchen design company
• Upper floors laid out as a 2 bedroom and 3 bedroom apartments
• Total NIA: 2,264 sq ft
• EPC: Flat 1 - Band D (67), Flat 2 tbc, Commercial – Band B (43)

General Description

Hall Yard Buildings is a period Grade II Listed three storey
property of brick elevations and tiled, pitched roof
coverings. The property has been divided into two retail
units on the ground floor and two large apartments
covering the first and second floors above. The ground
floor is being used as one unit by Beautiful Homes (Tean) Ltd, a
well respected and popular kitchen design company with over
40 years of trading history. The ground floor is very well
maintained and includes a small office and bathroom on the
first floor. The upper floors consist of two spacious and well appointed apartments of two and three bedrooms, which have
been occupied for long periods of time. Both apartments are
self-contained and separately accessed and are let by way of
Shorthold Tenancy Agreements. The property has been very
well maintained, is fully compliant and has independent gas
boilers and a fire alarm system.

Location

The property features prominently on the junction where Hall
Road meets High Street (A522) in the village centre. Upper Tean
is easily accessible, being 3 miles off the A50. Cheadle is the
nearest town approximately 4 miles to the north. Tean as a
village has a convenience store, pharmacy, cafes, pubs,
hairdressers, petrol station and a primary school.

Services

All main services are connected. No services have been tested
by the agents. All commercial and residential elements have
their own separate meters and boilers.

Vat

The sale price is not subject to VAT, apart from the ground floor
retail unit number one.

Tenure

Available freehold, subject to contract and with the benefit of
the existing iri lease and AST agreements.

Business Rates

The tenant is responsible for payment of any business rate
liability where applicable.

Council Tax

The residential tenants are responsible for payment of any
council tax where applicable.

Tenancy Details

The ground floor is let to Beautiful Homes (Tean) Limited
(Company No. 07096192), at £10,521pa for 5 years from
01/02/21.
Flat 1 (3 bed) is let to a private individual at £475pcm who has
been in occupation for over 5 years.
Flat 2 (2 bed) is let to a private individual at £450pcm.
Combined income for the property at present is £21,621pa with
potential for higher future residential rent as the current
income is below market rent.

Accommodation

Ground Floor Retail:
Sales area shop 1: 293 sq ft
Sales area shop 2: 602 sq ft
Office: 57 sq ft
Storeroom: 46 sq ft

WC --

Total NIA: 998 sq ft
Flat One Living Accommodation:
Over two floors, including lounge, kitchen, dining room, 3 x
bedrooms and bathroom.
Total gia: 723 sq ft
Flat Two Living Accommodation:
Over two floors, including lounge, kitchen, 2 x bedrooms and
bathroom.
Total gia: 543 sq ft
Overall NIA: 2,264 sq ft
(not including common areas, bathroom to commercial and
landing areas)

Anti-Money Laundering Regulations

In accordance with the anti-money laundering regulations, two
forms of identification will be required (e.g. Photographic
driving license, passport, utility bill) from the applicant and a
credit check may also be required, the cost of which will be the
responsibility of the applicant. Where appropriate we will also
need to see proof of funds.