The property is situated on Hartshill Road (A52) near the junctionwith Victoria Street. The property is a short drive form Newcastle town centre, the A500 and Stoke town centre.
All mains services are available subject to any reconnection which may be necessary.
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.
Freehold subject to existing lease of 5 years expiring on the 20th July 2025 with a passing rent of £6,000 pa.
Energy Performance Certificate number and rating is 77 D
VAT is NOT applicable to this sale.
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.
Description
Two storey retail/office investment conveniently situated between Newcastle and Stoke within the Hartshill area of the city and near to the Royal Stoke Hospital. Currently let by way of a 5 year lease at £6,000 pa expiring on 20th July 2025. Excellent investment producing returns of 8.0% with potential for growth over the coming years.
Description:
A two storey premises with prominence benefitting from gas central heating, alarm system and large display window to the front. This attractive traditional property is currently let by way of a five year lease ending on the 20th July 2025 with a passing rent of £6,000 pa.
Accommodation:
GROUND FLOOR
Retail/Office with partitions: 377 sq ft (35 sq m)
FIRST FLOOR
Front Office : 192 sq ft (17.82 sq m)
Office: 75 sq ft (7.01 sq m)
Kitchenette : 24 sq ft (2.19 sq m)
TOTAL NIA : 668 sq ft (62.02 sq m)
Rating:
The VOA website advises the rateable value for 2024/25 is £5,800. 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.
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.
Disclaimer
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.
Location
