Crown House, Oldmill Street, Stoke-On-Trent, Staffordshire ST4 2RP

For sale on 30 May 2024
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
The auction will commence at 09:00.
On behalf of Rory Mack - Stoke

Crown House is a two-storey triangular shaped building of brick elevations supporting various pitched and flat roof surfaces and is subdividing into several self-contained workshops, studios and offices. Current income £22,788 pa with GIA of 10,293sq.ft.

Accessed through an arch, forming part of the frontage, is a central courtyard area providing a loading and carparking area and access to a number of the units. The property has been subject to a number of improvements over the years and the currently vacant office suite has recently been extensively refurbished and is available for immediate occupation.

The property is part let with more lease details available within the legal pack.

Unit 1 trading as a cafe on the ground floor extending 230 sq.ft. with current income of £4,800pa.

Units 2 4 5 are ground and first floor offices with a lock up extending 1069 sq. ft. (vacant).

Unit 3 is a Workshop on the ground floor extending 1300 sq. ft. with current income of £4,200pa.

Units 6, 7, 10 and 11 - Music studios on the ground and first floors extending 974 sq. ft., 2814 sq. ft. and 1468 sq. ft. respectively with current income of £9,060pa.

Unit 8 is a lock up on the ground floor extending 174 sq. ft. with an income of £528pa.

Unit 9 is a Workshop on the ground floor extending 821 sq. ft. with income of £4,200pa.

Unit 12 - Vacant office accommodation (recently updated) with storage.

Total income £22,788pa with scope to increase to over £30,000pa.

Crown House is a prominently located premises of white rendered elevations set back slightly from City Road (A52), although highly visible, and is within approx. 50 yards of the A500 dual carriageway which has direct links to Junctions 15 and 16 of the M6 and the A50. Stoke town centre is approx. ¼ of a mile to the west.

All mains services are connected and individually metered with individual tenants being responsible for their own utility costs. No services have been tested by the agents.

Tenure: Freehold

EPC Rating: C D E E D E D

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.