For Sale by public auction on Monday 9th September 2024 at 6.30pm. The Double Tree by Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ. Live online bidding available.

Description:

An ideal property suitable for both investors or owner occupiers. The property is a two storey mixed use premises on Biddulph High Street, comprising of a ground floor retail unit and modernised 2 bedroom first floor flat. The flat has its own entrance and has been well maintained to a high standard, allowing it to be ready for occupation immediately. The ground floor retail unit has been a former florist for a number of years and is in need of refurbishment. There is also a fixed staircase leading to the cellar for additional storage / space. Viewing is recommended on this property to appreciate the size and quality of the flat.

Accommodation:

Ground Floor
Lower retail into windows : 326 sq ft (30.24 sq m) with access to cellar having power & lighting
Upper retail : 150 sq ft (13.97 sq m)
Kitchen : 56 sq ft (95.22 sq m)
W.C.
Rear room : 74 sq ft (6.90 sq m)

First Floor Flat
The flat is accessed via a side entry and then its own front door
Ground floor utility area : 93 sq ft (8.64 sq m)
First floor
Lounge : 259 sq ft (24.05 sq m)
Kitchen : 132 sq ft (12.27 sq m)
Store cupboard : 23 sq ft (2.17 sq m)
Bathroom : 50 sq ft (4.68 sq m)
Bedroom : 69 sq ft (6.40 sq m)
Second floor
Bedroom : 121 aq ft (11.20 sq m) to eaves

Total : 1,353 sq ft (125.74 sq m)

Rating:

The VOA website advises the rateable value for 2024/25 is £8,500. The standard non-domestic business rates multiplier is 54.6p. 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.

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

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.