16 & 16A High Street, Maybank, Newcastle under Lyme, Staffordshire ST5 0JB

• Ground floor shop and one bedroom flat above
• 5 year commercial lease from November 2023 producing £12,000pa
• First floor flat producing £7,800pa
• Total income: £19,800pa with the potential to increase in the future

Property Description

Tenure: Freehold

A mid-terraced building of brick elevations and rendered covering with pitched tiled roof coverings, offered to market fully occupied with longstanding tenants on the ground floor and new residential tenant on the first. Located on Maybank’s High Street, where shops and flats
rarely stay empty for long with free on road parking and the marsh opposite. On the ground floor is a tattoo parlour with excellent reputation and over two years into the current lease, paying £1,000pcm. The shop is mainly open plan with a kitchen, treatment room and bathroom to the rear with access to the rear yard and large garden. The unit benefits from double glazed window frontage, vinyl flooring, spotlights in the plastered ceiling and gas powered wall mounted radiators. The first floor has a separately accessed one bedroom flat with entrance on the front. The flat comprises a lounge, separate kitchen, double bedroom and bathroom and benefits from carpeted flooring, UPVC double glazed windows and a fully fitted kitchen. Each part of the building has its own separate gas and electric meter.