An attractive Victorian end of terrace commercial building which is let to The Dept of Levelling Up, Housing and Communities and serves as a local Driving Test Centre comprising a range of ground and first floor offices. There is also a courtyard to the rear providing on site car parking with gated access on to Nelson Street. The property provides a waiting area to the rear of which is an open plan office area with staff and public toilet and two further offices at first floor together with a bathroom and kitchen. Although the property has recently been re-let until Aug 2032 there are a range of future alternative uses that the property would suit to include splitting the building and converting the first floor into a self-contained one bedroom flat with independence access via the existing side entrance.
Location
The property is located in a mainly residential area at the junction with Nile Street and Nelson Street immediately opposite Westminster Street Park and is approx. ¼ of a mile from Crewe town centre and within 150 yards of Nantwich Road (A534).
Accommodation
Ground Floor:
Waiting room: 185 sq ft
General Office: 296 sq ft
Dis WC:
Staff WC:
First Floor:
Office 1: 192 sq ft
Office 2: 149 sq ft
Kitchen: 119 sq ft
Bathroom: 46 sq ft
Total NIA: 987 sq ft
Terms
SERVICES - All main services are connected. Gas fired central heating and hardwired fire alarm system installed throughout. No services have been tested by the agents.
VAT - The sale price is not subject to VAT.
TENURE - Available freehold, subject to contract and with the benefit of the existing lease.
PRICE - £115,000
BUSINESS RATES:
Rateable Value: £7,000
The tenant is responsible for payment of any business rate liability where applicable.
TENANCY DETAILS - The entire property is let to The Dept of Levelling Up, Housing and Communities by way of a 10 year Internal Repairing and Insuring lease from the 9th August 2022 until the 8th August 2032. The initial rent is £9,000 pa and the next rent review is due August 2027. A copy of the lease can be made available upon request.
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.
Specification
- Commercial office/retail investment opportunity
- Let to Government Dept by way of 10 year lease from August 2022
- Passing rent: £9,000 pa – next review August 2027
- Total NIA: 987 sq ft with on-site parking to rear
- EPC: 91 (Band D)
- Driving Test Centre unaffected