Summary - 19, WHEELOCK STREET CW10 9AG
1 bed 1 bath Retail Property (high street)
Town-centre retail unit with strong income and long leasehold security.
• Let to a nail salon producing £9,500 per annum
• Gross initial yield of 8.64%
• Long leasehold: 999 years from completion, peppercorn ground rent
• Lease: 5-year term from April 2025, full repairing and insuring covenants
• No tenant break; deposit of £1,250 held
• VAT applicable to the property sale
• Compact 531 sq ft unit, no external space
• Single-tenanted — tenant reliance concentrates occupational risk
A compact, town-centre retail investment offering immediate income and an attractive gross initial yield. The ground-floor shop at 19 Wheelock Street is currently let as a nail salon, producing £9,500 per annum and reflecting an 8.64% initial yield — a clear income-focused purchase for investors seeking straightforward cashflow.
The unit fronts the pavement with a glazed shopfront and open-plan retail space (approx. 531 sq ft). The long leasehold is held on a 999-year term from completion with a peppercorn ground rent, and the lease to the current occupier is a five-year term from April 2025 with full repairing and insuring obligations (by way of service charge). There are no tenant break options and a deposit is held, supporting income stability.
Positioned in Middlewich town centre close to national and discount operators, the property benefits from strong local footfall and good transport links to the M6. Broadband and mobile signals are strong and the immediate area shows low crime and average deprivation metrics, supporting ongoing retail demand.
Material considerations: VAT is applicable to the sale which will affect purchase cost and tax treatment. The asset is small (suitable for a single shop operator) and has no external space. Reliance on one tenant concentrates occupational risk; prospective buyers should review the lease, service charge arrangements and VAT implications before purchase.
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