The Strand, Stoke-on-Trent ST3 2JH
2534 sq ft
The Strand, Stoke-on-Trent ST3 2JH
2534 sq ft
The property is situated on The Strand in the centre of Longton Town Centre with free car parking nearby and being conveniently situated near to other traders including Superdrug, B&M and Tesco.
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 a Tenants FRI lease for 10 years from 8th January 2019 at £10,500 per annum to a longstanding Tenant who has been in occupation for over 16 years.
Energy Performance Certificate number and rating is TBC
VAT is NOT applicable,
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
For Sale by public auction on Monday 3rd March 2025 at 6.30pm. The Double Tree by Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ. Live online bidding available.
Three storey commercial investment comprising a cafe premises with storage above. Let on a 10 year lease from 8th January 2019 at £10,500 per annum to a longstanding Tenant who has been in occupation for over 16 years.
Description:
A three storey property of brick construction under a pitched clay tile roof. Trading as a cafe with storage above. For sale as an investment producing £10,500 per annum from a longstanding Tenant who has been in occupation for over 16 years.
Accommodation:
Ground Floor: 892 Sq ft (82.9 Sq m)
Comprising Cafe: Seating Area, Kitchen and Customer WC's
First Floor: 821 Sq ft (76.27 Sq m)
Storage and office
Second Floor: 821 Sq ft (76.27 Sq m)
Storage
TOTAL NIA: 2,534 Sq ft (235.41 Sq m)
Rating:
The VOA website advises the rateable value for 2024/25 is £7,900. 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.
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
