Summary - 17, WHEELOCK STREET CW10 9AG
1 bed 1 bath Retail Property (high street)
Immediate income with strong yield in a busy Middlewich high street location.
Ground-floor retail unit: 36.9 sq m (397 sq ft)
Prominent roller-shutter frontage on Wheelock Street
Let to an individual trading as a convenience store
Current contracted rent £9,500 p.a. until 20.12.25; vendor top-up to £10,473.75
Gross initial yield 9.52% at £110,000 asking price
999-year lease from completion; peppercorn ground rent
Full repairing and insuring lease (service charge basis)
VAT applicable to the sale; small unit with limited window space
A compact, street-facing retail investment in Middlewich town centre, let as a convenience store on a long lease. The unit extends to 36.9 sq m (397 sq ft) with a prominent roller-shutter frontage and brick exterior, positioned close to Tesco Express, Lidl, Home Bargains and other town centre traders. The current income produces a gross initial yield of 9.52% on the asking price.
The property is held on a 999-year lease from completion at a peppercorn ground rent and is let on a full repairing and insuring basis (by way of service charge). The tenant pays £9,500 p.a. until 20.12.25; the vendor will top up receipts so the buyer receives £10,473.75 p.a. from completion. A rent review is linked to RPI in December 2027 (5% collar, 8% cap); a 2025 break clause exists but was not exercised.
This is a straightforward buy-to-let for an investor seeking immediate town-centre income at a strong headline yield. Note VAT is applicable to the sale. The unit is small with limited window frontage and no external space; it may suit single-operator retail or conversion for an alternative commercial use subject to planning.
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