SOLD STC
Freehold
Council Tax Band A
Property Investors Only
Long Standing Tenant
Planning Granted
Large Corner Plot
EPC rating C
For sale by public auction at The Double Tree Hilton Hotel Stoke-on-Trent, on Monday 25th July 2022 at 6.30pm, remote bidding is also available via Telephone/Internet/Proxy. Being sold with a long standing tenant in situ with a yearly yield of 4% at...
For sale by public auction at The Double Tree Hilton Hotel Stoke-on-Trent, on Monday 25th July 2022 at 6.30pm, remote bidding is also available via Telephone/Internet/Proxy.
Being sold with a long standing tenant in situ that currently pays £125 per week, providing a annual yield of 4% at the guide of £160,000. With potential for a increase with capital growth and vacant possession.
The property sits on a large corner plot which has planning permission to build a detached single dwelling at the side. Please note the current tenancy includes all of the garden and no building work can take place without consent from the tenant or alternatively obtaining vacant possession.
If you are looking for a long term property investment then this is perfect for you. The benefit from having a sitting tenant is you get instant income and the potential to add a further property to the plot.
This address is being sold via auction, if you have any questions please get in touch with the team.
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
More Information
Room Descriptions
Accommodation
Ground Floor
Entrance Hall
uPVC front entrance door and uPVC double glazed window, stairs to the first floor and door to living room.
Living Room
3.75m x 4.22m
uPVC double glazed window to the front elevation, wall mounted radiator, electric fire, fireplace, fitted carpet and door to kitchen.
Kitchen
2.91m x 2.56m
Fitted with a mix of wall and base units incorporating a stainless steel sink and drainer, tiled flooring, wall mounted radiator, under-stairs storage cupboard, uPVC double glazed window to the rear elevation, uPVC double glazed door leading out into the garden and door to utility room.
Utility Room
1.79m x 1.47m
Fitted with two base units, boiler, tiled flooring, uPVC double glazed window to the side elevation and door to cloakroom.
Cloakroom
Fitted with a two piece suite comprising low level W/C and pedestal hand wash basin with a tiled splash-back. Tiled flooring, wall mounted radiator and frosted uPVC double glazed window to the rear elevation.
First Floor Landing
Doors to all three bedrooms and family bathroom.
Bedroom One
3.20m x 3.09m
uPVC double glazed window to the front elevation, wall mounted radiator and fitted carpet.
Bedroom Two
3.53m x 2.74m
uPVC double glazed window to the rear elevation, wall mounted radiator and fitted carpet.
Bedroom Three
2.55m x 2.42m
uPVC double glazed window to the rear elevation, wall mounted radiator and fitted carpet.
Family Bathroom
2.11m x 2.09m
Fitted with a two piece suite comprising white composite panelled bath with mixer taps and pedestal hand wash basin. Part tiled walls and fitted carpet, wall mounted radiator, built in storage cupboard and frosted uPVC double glazed window to the front elevation.
Outside
The property occupies a large corner plot with lawn gardens front, side and rear with a number of mature trees and shrubs.
Further Tenancy Details
The current rental figure was agreed in March 2022 and rent will be reviewed on a two year basis to the lower of (1) market value or (2) the current rent increased by the change in the RPI index from March 2022 to March 2024 plus an additional 5%. It is likely that the agreed rent will increase upon the next inspection due to the increase in cost of living.
Agents Note
Please note the long standing tenancy agreement includes all of the grounds. So no building work could take place with consent from tenant or vacant possession. For further details on the planning see the below link: https://planning.cheshireeast.gov.uk/applicationdetails.aspx?pr=20/4746C&row=2&query=c7c56b6024cc494e8a36c52c13e60aa4&from=i