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Four-Bedroom Mixed-Use Investment Property
Tean, ST10 - Get Access
4 bed
2 bath
Description
A freehold mixed-use investment opportunity comprising two apartments and two commercial units, generating a current gross income of £27,600 per annum with potential for increase. The property includes parking for 6 vehicles at the rear.
Tenancy details:
- 33 High Street (The Village Bakehouse): Let at £6,000 pa for 5 years from 28/03/2026.
- 33a High Street (Moorlands Beauty): Let at £6,000 pa for 5 years from 01/09/2022.
- Flat 1 (2 bedrooms): Let at £650 pcm.
- Flat 2 (2 bedrooms): Let at £650 pcm.
The property is a three-storey building with brick elevations and a pitched tiled roof, prominently located on the High Street. The ground floor comprises two individual retail units with separate entrances and rear access to the car park. Both commercial units feature single-glazed timber window frames. The first and second floors accommodate two spacious two-bedroom apartments, each self-contained with independent access and let under Shorthold Tenancy Agreements. Both apartments have independent gas boilers. The property has been well-maintained. The cottage at the rear of the building is excluded from the sale.
Location: The property is situated opposite the junction of Hall Road and High Street (A522) in the village centre. Upper Tean is easily accessible via the A50, located approximately 3 miles away. Cheadle is the nearest town, about 4 miles to the north. The village of Tean offers amenities including a convenience store, pharmacy, cafes, pubs, hairdressers, a petrol station, and a primary school.