Property Information
Address:
Hall Yard Buildings , High Street, Tean, Staffordshire
, ST10 4DZ
, Staffordshire
, england
Price: Sale Price: £250,000
Size: 2264 sq ft210 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH691073
Property Ref/Agent: C01110
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 20, 2024
Property description
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.
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