Summary - 15, WHEELOCK STREET CW10 9AG
1 bed 1 bath Retail Property (high street)
Turnkey income from a prominent corner unit in a busy Middlewich parade.
Double-fronted corner retail unit with large display windows
Let to individual trading as a bridal shop at £12,000 p.a.
Gross initial yield ~8.57% at £140,000 asking price
Lease: 5-year term from Jan 2023, FR&I via service charge
RPI-linked rent review Jan 2026 (uncapped); tenant break not exercised
Long leasehold: 999 years from completion, peppercorn ground rent
VAT is payable on purchase — affects total acquisition cost
Shop area approx. 73.4 sq m (790 sq ft); open-plan with storage and WC
A double-fronted, modern retail unit in the heart of Middlewich town centre, currently let as a bridal shop. The tenant pays £12,000 per annum under a five-year lease that began January 2023, producing a gross initial yield of c.8.57% at the asking price. The lease is full repairing and insuring (via service charge) and includes an RPI-linked rent review in January 2026; a tenant break in January 2026 was not exercised and a deposit of £1,800 is held.
The shop extends to approximately 73.4 sq m (790 sq ft) of open-plan retail space with storage and WC, and benefits from large display windows and a double frontage on a corner site for strong footfall exposure. Immediate neighbours include national occupiers such as Tesco Express, Lidl, Home Bargains and Nationwide, supporting steady town-centre custom.
This is a long-leasehold investment (999 years from completion) with a peppercorn ground rent. VAT is applicable to the sale and should be factored into purchase cost and prospective returns. There is no flooding risk and local crime levels are very low, while connectivity and broadband are strong.
Buyers should note the property is leasehold and currently occupied under contractual repairing obligations; prospective purchasers should review the lease, service charge arrangements and the uncapped RPI rent review. The unit offers straightforward hands-off income for an investor seeking town-centre retail exposure, with potential to relet or reposition at term expiry.
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