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SOLD STC

High Street, Stoke-On-Trent

Key features

  • Pre Tenanted Commercial Investment
  • Currently Producing £24,540 per annum
  • Retail Shop and Three Flats
  • High Street Location
  • EPCs All Band C Ratings 68, 72, 73 ,76
  • Flats Council Tax A

Description

Prominently positioned mixed-use investment property. This High Street premises consists of a ground floor retail unit. Currently used as a barbershop and three flats at the rear and above. The current rental income is £2045 per calendar month and the property is fully let. Ground floor level to the front edge. We have a barber shop currently rented for £650 per calendar month on an IRI basis. At the rear of the property is a two bedroom self-contained apartment currently rented for £595 a month. Accessed from the rear and above the property are two flats, currently rented and a company basis for £800 per calendar month.

Description

Fully let mixed use commercial Investment comprising a retail unit and three flats. The property has recently undergone modernisation and conversion into three flats . The redevelopment to building regulations has meant the units are band C energy efficient.

Location

The subject property is located on Tunstall High street. Nearby occupiers include Matalan, Argos and Home Bargains. Tunstall is one of the five Towns which make up Stoke on Trent and the subject property is within easy reach on the A50 & A500 trunk roads.

Income Details

The ground floor retail unit has been let on an IRI lease from 2022-2027 at an annual rental of £7800 per annum.

The upper floor flats 109a & b have been leased on a commercial tenancy for £400 per flat from the 24th October 2022 for a 24 month contract till 23 October 2024.

The ground floor rear flat has been let on an AST from the 23 October 2023 for a six month fixed term at a passing rental of £595 pcm.

All rentals are exclusive of bills.

Retail Premises

Shop

Approximately 108 sqm. Comprising open plan barbers shop with rear store, kitchenette and WC. Fitted out by the current tenant to high spec.

Rateable Value

The April 2023 assessment states an RV of £6,400 per annum.

Commercial EPC

Band C . Rating 68

109 A First Floor Flat

Description

A two bedroom self-contained flat, comprising hallway, kitchen, living room, bedroom, bathroom and a further bedroom. Benefits from Gas central heating, double glazing, modern kitchen and bathroom.

Hallway

With carpeted floor, radiator.

Kitchen

5' 10'' x 10' 7'' (1.77m x 3.23m)

Fitted kitchen with cream wall base units, granite effect surfaces over. Part tiled walls and vinyl floor. Includes integrated cooker, hob and extractor hood, Power Point, Washer point.

Bedroom 1

10' 6'' x 10' 7'' (3.21m x 3.22m)

With carpeted floor, radiator, Power Point, built in wardrobe.

Bathroom

7' 7'' x 2' 10'' (2.30m x .87m)

Modern fitted bathroom suite in white with WC, pedestal basin, basin set in vanity unit, enclosed shower cubicle with electric shower. Part tiled walls and tiled floor. Includes heated towel radiator, extractor fan.

Living Room

15' 3'' x 11' 11'' (4.66m x 3.63m)

With carpeted floor, radiator, Power Point

Bedroom 2

14' 8'' x 8' 11'' (4.46m x 2.73m) Maximum Measurement to recess

With carpeted floor, radiator, Power Point.

109B Second floor Flat

Description

A one bedroom self-contained flat, comprising hallway, living room, bedroom, kitchen and bathroom. Benefits from Gas central heating and double glazing.

Living Room

10' 6'' x 11' 5'' (3.19m x 3.48m)

With carpeted floor, radiator, Power Point.

Kitchen

10' 2'' x 8' 0'' (3.09m x 2.43m)

Fitted kitchen with white base units, granite effect surfaces over. Part tiled walls and tile effect floor. Includes integrated cooker, hob and extractor hood, Power and Washer points.

Bathroom

7' 9'' x 9' 3'' (2.37m x 2.81m)

Modern fitted bathroom suite in white with WC, pedestal basin, panel bath with mixer shower and screen over. Part tiled walls and tile effect floor. Includes heated towel radiator, extractor fan.

Bedroom

8' 10'' x 11' 9'' (2.69m x 3.57m)

With carpeted floor, radiator, Power Point

109C Ground Floor Rear Flat

Description

A two bedroomed apartment and has recently been completely modernised. Benefiting from central heating, double glazing modern kitchen and bathroom. Accommodation comprises kitchen, living room, bedroom and bathroom at ground floor level with a further bedroom to the first floor.

Living Room/ Kitchen

18' 3'' x 12' 7'' (5.55m x 3.83m)

Modified in kitchen with grey wall and base units. Granite effect, surfaces over. Part tiled walls and vinyl floor. Includes integrated cooker oven and hob. Part carpeted floor. Includes radiator and power points.

Bathroom

6' 4'' x 6' 4'' (1.93m x 1.92m)

Fitted bathroom suite in white with WC and basin set in vanity unit ,enclosed shower cubicle with combination shower. Part tiled walls and vinyl floor. Includes radiator and extractor fan.

Bedroom 1

10' 8'' x 12' 11'' (3.24m x 3.93m)

With carpeted floor, radiator, Power Point.

First Floor

Bedroom 2

13' 11'' x 10' 2'' (4.25m x 3.11m)

With carpeted floor, radiator, Power Point.

Tenure

Freehold premises sod with the benefit of leaseholds.

Brochures

Property BrochureFull Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Ask agent
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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High Street, Stoke-On-Trent

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Longport Station1.1 miles
  • Kidsgrove Station2.5 miles
  • Stoke-on-Trent Station3.6 miles
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About the agent

Keates, Stoke On Trent

84 Church Street, Stoke-On-Trent, ST4 1BS

Keates, Stoke On Trent

A family firm stretching back to the 1920s. With the purchase and integration of both Stanley Keates & Sons offices our business expanded to cover all of North Staffordshire. Now under the ownership of Andrew & Richard Johnson the is once again a family firm.

The owners are both Chartered Surveyors and deal with Residential and Commercial property. The firm has now rebranded back to its roots and updated its image. With new IT, a new website and an updated image to drive its growth thr

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