Prominent Investment comprising roadside shop premises and self contained flat above with parking to the rear. Let by way of a new 7 year lease from the 30th June 2022 at £8,950 per annum with potential to increase the income over the coming years.

Description:

Two storey property providing ground floor shop unit incorporating sales area and kitchen together with self contained first floor flat with bedroom, living area/kitchen, bathroom and attic room. The property is let on a new lease from 30th June 2022 at £8,950 per annum.

Location:

The property is located on the corner of Etruria Road and Sackville Street in the Basford area of Stoke-on-Trent. On street parking is available outside the property and there is a yard to the rear suitable for one or two vehicles (May suit delivery vans).

Accommodation:

GROUND FLOOR:
Sales: 365 Sq ft (33.91 Sq m)
Kitchen: 76 Sq ft (7.06 Sq m)
WC (Accessed from outside)

FIRST FLOOR:
Flat accessed via door to rear (outside)
Living Room/Kitchen: 221 Sq ft (20.33 Sq m)
Double Bedroom: 167 Sq ft (15.51 Sq m)
Bathroom: 55 Sq ft (25.55 Sq m)

Attic Room (steps leading up to room with limited height)
83 Sq ft (7.71 Sq m)

TOTAL NIA: 967 Sq ft (89.84 Sq m)

Rating:

**** ZERO RATES ELIGIBLE ****
The VOA website advises the rateable value for 2023/24 is £3950. The standard non-domestic business rates multiplier is 51.2p. The small business multiplier is 49.9p up to a rateable value of £50,999. 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.

First Floor Flat: Council Tax band A.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Tenure - Freehold:

Freehold, subject to a 7 year lease from the 30th June 2022 at a rent of £8,950 per annum.
Please refer to the legal pack for a copy of the lease in respect of reviews and break options where applicable.

Proof of Identity:

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Legal Pack:

A legal pack is available and for those looking to proceed immediately; we can offer 20 or 60 working day completions. The buyer will pay £500 towards the legal costs/documents within the pack as this will enable them to proceed without additional searches and information requests. We would recommend you seek legal advice prior to purchase.

Viewing:

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.

Legal Pack:

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 auction@bjbmail.com. Further details are available in the catalogue.

Guide Price:

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.

Reserve Price:

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.

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents 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.