Mixed use investment property

A freehold mixed use investment opportunity comprising two apartments and two commercial units, with a current gross income of £27,600 per annum and scope to increase in line with market rates. The property also benefits from parking for six vehicles. 33 High Street is let to a private individual trading as The Village Bakehouse at £6,000 per annum for five years from 28 March 2026. 33a High Street is let to a private individual trading as Moorlands Beauty at £6,000 per annum for five years from 1 September 2022. Flat 1 is a two-bedroom apartment let to a private individual at £650 per calendar month. Flat 2 is a two-bedroom apartment let to a private individual at £650 per calendar month. 33 and 33a High Street is a three-storey property featuring brick elevations and tiled pitched roof coverings, occupying a prominent position on the High Street. The building is divided into two ground floor retail units with separate entrances and rear exits leading onto the car park. Both commercial units have single-glazed timber window frames and access to the rear parking. The upper floors comprise two spacious and well-appointed two-bedroom apartments, both self-contained with separate access and let via Shorthold Tenancy Agreements. The property has been very well maintained, benefiting from independent gas boilers for the apartments. Please note that the cottage at the rear of the building is not included in the sale. The property features prominently opposite the junction where Hall Road meets the High Street in the village centre of Upper Tean, which is easily accessible and located 3 miles off the A50, with Cheadle being the nearest town approximately 4 miles to the north. Tean offers a convenience store, pharmacy, cafes, pubs, hairdressers, a petrol station, and a primary school.