A substantial and imposing two storey showroom premises with extensive main road frontage to Mill Street and return frontage to Pedley Street. Constructed mainly of glazed block elevations supporting multiple pitched roof surfaces, much of the Mill Street elevation is punctuated with large, glazed showroom windows. Internally the ground and first floor areas are arranged in open plan providing a blank canvass of extensive accommodation that could be subdivided of used for a range of alterative uses, subject to planning where necessary. Part of the ground floor accommodation is self-contained and let to a private Ltd company by way of a lease, contracted outside of the security of tenure provisions of the Landlord and Tenant Act 1954.
Location
The property is prominently located on Mill Street at the junction with Pedley Street and is within 20 yards of Nantwich Road (A534) and forms part of a parade of mixed use commercial buildings on the outskirts of Crewe town centre. Crewe railway station is within 300 yards and it is widely anticipated that the surrounding area will be significantly enhanced with the development of the new HS2 line. There is also a large public car park to the rear of the property and there is direct access to the A500 Shavington By-pass which connects to Junction 16 of the M6 via the B5071.
Accommodation
19-21 Mill Street (let to A Gater Ltd)
Ground Floor
Sales Area: 1,809 sq ft
Stores: 172 sq ft
Workshop: 287 sq ft
Kitchen: 40 sq ft
WC: -
15-17 Mill Street (sold with vacant possession)
Ground Floor
Sales area: 3,543 sq ft
3 x stores 388 sq ft
Office: 94 sq ft
Kitchen: 100 sq ft
WC:
First Floor
Sales area 6,117 sq ft
NIA: 10,242 sq ft
Total NIA of entire building: 12,550 sq ft
Terms
SERVICES - All mains services are connected. Gas fired blow heaters and electric wall mounted heaters serve 15-17, which is separately metered from 19-21 Mill Street. No services have been tested by the agents.
TENANCY DETAILS - 19-21 Mill Street comprises a self-contained showroom with workshop and ancillary accommodation to the rear, all of which is let to Messrs A Gater Ltd (Reg No: 08386898) by way of a six year internal repairing and insuring lease which commenced 1st August 2021 and expires 31st July 2027. The passing rent until the 31st July 2023 is £14,000 pa which rises to £15,000 pa from the 1st August 2023. On the 1st August 2024 there is a rent review and break clause, requiring the tenant to serve 6 months’ notice in advance. The lease is contracted outside of Sections 24-28 of the Landlord and Tenant Act 1954 which removes the security of tenure provisions and as such vacant possession of the property can be acquired on the 31st July 2027 if required.
VAT - The sale price/rent is subject to VAT.
BUSINESS RATES:
15-17 Mill Street (CW2 7EZ)
Rateable Value: £34,500 (effective 1st April 2023)
Rates Payable: £15,207 pa (23/24) – referring to VOA website.
19-21 Mill Street (CW2 7AE)
Rateable Value: £14,500 (effective 1st April 2023)
Rates Payable are discharge by A Gater Ltd.
TERMS - The whole is available freehold at an asking price of £495,000 plus VAT.
15-17 Mill Street is available to let at an asking rent of £30,000 pa plus VAT by way of a new lease.
TENURE - Available freehold, subject to contract and the existing lease in place in favour of A Garter Ltd and with vacant possession of 15-17 Mill Street. Alternatively, a new internal repairing and insuring lease can be granted in respect of 15-17 Mill Street for a rent of £30,000 pa for a term of years to be agreed.
PRICE - £495,000
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
- Imposing showroom premises (part let) extending to 12,550 sq ft
- Very prominent location with extensive main road frontage
- Adjacent to large public car park and within 300 yards of Crewe station
- Would suit a variety of alternative uses (STP) and/or subdivision
- EPC: 57 (Band C) – 19-21 Mill Street
- EPC: TBC – 15-17 Mill Street