Summary - 21, WHEELOCK STREET CW10 9AG
1 bed 1 bath Retail Property (high street)
Compact, income-producing retail unit in central town location with established tenant.
Gross initial yield 8.18% on £9,000 annual rent
A compact high-street investment in central Middlewich, let to an established vaping retailer and producing a strong gross initial yield of 8.18% at £9,000 pa. The tenant (Vapeorist (Middlewich) Ltd t/a Vape Shop) occupies on a lease from February 2020, with full repairing and insuring obligations discharged via a service charge; a £750 deposit is held and the tenant has been in occupation since 2018.
The unit extends to c.33.4 sq m (360 sq ft) of open-plan retail with storage and WC — a small, single-fronted shop suitable for local convenience or specialist retail. It sits on Wheelock Street close to St Michael’s Way, adjacent to major occupiers including Tesco Express, Lidl, Home Bargains and Nationwide, giving consistent town-centre footfall and strong convenience trading.
Important considerations: the property is long leasehold (999 years from completion) rather than freehold, and VAT is applicable. The unit’s compact size limits alternative uses and expansion potential; purchasers should factor in ongoing service-charge responsibilities tied to the tenant’s FRI obligations.
Overall, this is a straightforward, income-producing town-centre retail asset for investors seeking a low-management, yield-focused purchase with immediate rental income and central trading position.
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