The property comprises 5 self contained apartments, 4 are currently tenanted, with an annual income of £25,680.

Once the vacant apartment is let, income is estimated at £31,620.

Information regarding boilers, heaters and other appliances available on request.

Freehold - Subject to any existing Tenancies.

Accommodation

The layout of the apartments is as follows;

Flat 1. Ground Floor - £6,900 Pa
Flat 2. Ground Floor - Vacant
(Est. rental value of £5,940 Pa)
Flat 2a. First Floor - £6,120 Pa
Flat 3. Second Floor - £6,420 Pa
Flat 4. Third Floor - £6,240 Pa

EPC Ratings are varied as follows:-

Flat 1 - D
Flat 2 - D
Flat 2a - E
Flat 3 - D
Flat 4 - E

Location

The property is located on the boundary of Hanley Park, with 3 apartments benefiting from park views.

A number of amenities are located nearby, including; Hanley town centre (1.4 Miles), Tesco Extra (0.8 miles), The Regent Theatre (0.9 Miles) and Festival Park (1.3 Miles).

The property is also conveniently situated near a number of large employers, including Bet 365 (1.9 Miles), University of Staffordshire (0.6 Miles), Royal Stoke University Hospital (2.6 Miles) and more.

VAT

All prices quoted by Butters John Bee are exclusive of VAT unless otherwise stated. We have been advised by our Client that VAT in NOT applicable, however all interested parties should make their own enquiries to satisfy themselves with the VAT position.

Pre-Auction Offers.

Any pre-Auction offers should be submitted via e-mail to residential-land@bjbmail.com. All offers will be forwarded to the client for consideration, but please be aware that the majority of clients prefer to let the marketing run for a period, prior to giving serious consideration to accepting any pre-Auction offer.

Common Auction Conditions.

This property is sold subject to our Common Auction Conditions (a copy is available on request).

Buyers Admin Fee.

A buyers administration fee of £1,800 including VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.

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.

Addendum

Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.

Internet, Telephone and Proxy Bidding

We are pleased to announce that we are now back in the Auction room at the Double Tree Hilton Hotel (Moat House). However, we also have the other bidding options available: On-Line / Telephone / By-Proxy. You will need to register in advance and provide two forms of ID. Register at www.buttersjohnbee.com/auction or contact the Auction Team on 0800 090 2200 or auction@bjbmail.com.

Legal Costs

Please refer to the auction pack in respect of any legal fees or search fees which may be due upon exchange or completion.

Deposit

Please note that a deposit of 10% of the purchase price (Min £3,000) will be due on Exchange of Contracts, whether the land / property is sold prior to Auction, in the Auction room or after the Auction.

All Enquiries

Joe Boulton
Assistant Land Manager
Land & New Homes Team
residential-land@bjbmail.com
01782 211147

Margaret Tinsley
Land Administration & Business Support
Land & New Homes Team
residential-land@bjbmail.com
01782 211147

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.