Commercial Property
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 alternative 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
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.
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: -
NIA: 2,308 sq ft
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
13 Mill Street
The vendor doesn't have access and can't confirm the occupancy, Please see the legal pack for clarification.
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.
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.
Interested parties are advised to inspect the legal pack for more information.
In respect of the occupancy for the various units, the buyer will take the property as they find it at completion. Prospective buyers are directed to check the legal pack and make all necessary independent enquiries prior to placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
