£ Find out how much your property is worth with our instant valuation

Description

Investment property For Sale by Public Auction on Monday 25th July 2022 at 6.30pm. The Double Tree by Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ. Live online bidding available.

For Sale by Public Auction on Monday 25th July 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, with residential parts all currently occupied.

Description
A recently refurbished and modernised premises which
now comprises vacant ground floor retail, fully let 4 bed
HMO and two first floor flats. The property benefits from
double glazing and gas central heating throughout along
with a roof terrace. The current tenants are all on 12
month agreements.

Location
The property is located towards the top of Brunswick
Street, next door to Piccadilly Arcade. It is a few minutes
walk from Tesco store and car park in one direction and
the town centreand Potteries Centre in the other
direction.

Accommodation

Ground Floor Retail
Retail : 225 sq ft (20.95 sq m)

HMO (known as Flat 1)
Communal Kitchen : 148 sq ft (13.72 sq m)
Communal Lounge : 139 sq ft (12.95 sq m)
Communal Dining Area : 210 sq ft (19.55 sq m)
Room 1 : 159 sq ft (14.74 sq m) with en-suite shower
room
Room 2 : 90 sq ft (8.32 sq m) with en-suite shower room
Room 3 : 102 sq ft (9.44 sq m) with en-suite shower room
Room 4 : 168 sq ft (15.58 sq m) with en-suite shower
room

First Floor Flat 2
Through Lounge, Dining area, Kitchen : 345 sq ft (32.02
sq m)
Bedroom : 168 sq ft (15.59 sq m) with double doors to
roof terrace
Bathroom

First Floor Flat 3
Kitchen : 155 sq ft (14.45 sq m)
Lounge : 147 sq ft (13.69 sq m)
Bedroom 1 : 102 sq ft (9.45 sq m)
Bedroom 2 : 95 sq ft (8.86 sq m)
Shower Room

Services
All mains services are available subject to any
reconnection which may be necessary.
Planning
Bjb recommend that potential occupiers make their own
enquiries to the local authority in order to satisfy
themselves that their proposed use is authorised in
planning terms.

Rating
The VOA website advises the rateable value for the retail
unit for 2021 /2022 is 2,150. The standard non-domestic
business rates multiplier is 49.3p. The small business
multiplier is 51.2p up to a rateable value of £51,000. Small
Business may benefit for upto100% on premises with a
rateable value of up to £12,000 and a tapered relief for
rateable values between £12,000 and £15,000.
Bjb recommends interested parties make their own
enquiries into the business rate payable any further
business rate relief which may be available.

Tenure
Freehold subject to existing tenancies in place.
Rent
HMO (known as Flat 1)
1 room is rented at £350 pcm
2 rooms are rented at £395 pcm
1 room is rented at £420 pcm
Flat 2 (1 bedroom) is rented at £495 pcm
Flat 3 (2 bedroom) is rented at £550 pcm

Butters John Bee is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate

  • INVESTMENT PROPERTY
  • MIX USE
  • RETAIL UNIT
  • FOUR BED HMO
  • ONE BED FLAT
  • TWO BED FLAT
  • House

Location

Property Reference: BJB090204048

Area Guide

As the main commercial and shopping centre of Stoke-on-Trent, Hanley has undergone enormous regeneration and redevelopment over recent years and the area is now home to extensive leisure offerings as well as the theatres,...

Read the Hanley Area Guide