Retail for sale in Brunswick Street, Stoke-on-Trent, Staffordshire
For Sale by public auction on Monday 20th June 2022 at 6.30pm. The Double Tree by Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ. Live online bidding available.
A mixed use investment which consists of a 4 bedroom HMO, a ground floor retail unit, a 1 bedroom flat and a 2 bedroom flat, all currently occupied.
- 2253 sqft Min Size
- 2253 sqft Max Size
- * Freehold Mixed Use Investment
- * Located in in the pedestrianised heart of Hanley town centre
- * Modernised to high standard
- * Current gross income £31,380 (11.4% yield)
- * Fully let 4-bedroom HMO with ensuites
- * Fully let 2-bedroom flat
- * Fully let 1-bedroom flat
- * Ground floor shop
- * Roof terrace
Buyers Administration Fee
A buyers administration fee of £800 plus VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website www.buttersjohnbee.com. Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.
Internet, Telephone & Proxy Bidding
Interested in this lot but can't attend the auction? You can bid by internet, telephone or by proxy by pre-registering with our auction department on 0800 090 2200 or email email@example.com. Further details are available in the catalogue.
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.
An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.