Percy Street, Hanley, ST1 1NE
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
4
- BATHROOMS
4
- SIZE
420 sq ft
39 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Total income - £30,050 per annum
- Apartments converted to an extremely high standard
- Ground floor let to Ladbroke Betting & Gaming Ltd until September 2025
- Freehold betting shop with 3 refurbished apartments above
Description
ONLINE AUCTION DATE - 29/04/2024
Guide Price £325,000 * Plus 4% Buyers Premium + VAT (subject to a minimum of £5,000+VAT)
For sale by unconditional online auction.
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website critchlowestateagents.co.uk
UNCONDITIONAL LOT
Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit and a 4%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
PRE AUCTION OFFERS ARE CONSIDERED
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer`s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
SPECIAL CONDITIONS
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the
LEGAL DOCUMENTS`. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Percy Street is centrally located within the centre of the Hanley district of Stoke On Trent, close to the very popular Cultural Quarter where a wide range of retail, leisure and office orientated businesses are located. The recently establish Smithfield development ( is also close at hand, where over 210,000 sq. ft of Grade A office space has already been built and occupied with another 214,000 sq. ft. in the pipeline. The Hilton Garden Inn hotel and an 11 storey 151 unit apartment block have also been constructed and a 730 space multi storey car park is currently under construction. Festival Park is within a 15-minute walk where a significant number of office businesses are located together with leisure outlets such as Water world, the Odeon Cinema and Stoke Ski Centre.
Description
The property comprises a mid-terraced property with a ground floor (and basement) retail unit, currently trading as a betting shop, with three superbly presented self-contained apartments above. The ground floor retail unit consists of a retail sales area of approximately 715 sq. ft. and further 807 sq. ft. of basement storage. There are toilet facilities to both ground and basement levels. The first and second floors were converted by the vendor in 2017 to now offer a 2 bedroom duplex flat, and two, one bedroom flats of the highest quality. The property is currently let, and will produce a total income of £30,050 per annum.
Tenancies
Ground floor – Let to Ladbroke Betting & Gaming Ltd for a term of 5 years, expiring 28/9/2025. The passing rent is £13,250 per annum.
Flat 1 (2 bed duplex) – let at £500 pcm currently vacant with a tenant due to go in
Flat 2 (1 bed) – let at £450 pcm
Flat 3 (1 bed) – let at £450 pcm
Total Rent - £30,050 per annum
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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: TBC
Percy Street, Hanley, ST1 1NE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stoke-on-Trent Station1.2 miles
- Longport Station2.0 miles
- Longton Station2.9 miles
About the agent
Critchlow Estate Agents, Newcastle-under-Lyme
Suite 8, Federation House Station Road Stoke-On-Trent ST4 2SA
Welcome to Critchlow estate agents where we offer free no obligation valuations whether you are selling and look to let your property out. Offering a modern approach to selling property with traditional values and extensive local knowledge. We aim to ensure maximum selling potential and focus on customer service. We understand that selling or letting your home can be one of life’s most exciting yet stressful times, that's why we are open 7 days a week to be on hand during the hole process fro
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 586_CRIT. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Critchlow Estate Agents, Newcastle-under-Lyme. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Critchlow Estate Agents, Newcastle-under-Lyme on 01782 493386.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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