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Commercial Property for sale

Victoria Street, Newcastle-under-Lyme, Staffordshire

Offers in Excess of £89,950
742 sq. ft.

Property Description

Commercial information

  • 742 sq ft (68 sq m)
  • Use class orders: A1 Shops

Full description

Two storey corner property investment producing £8,380 pa, increasing to £8,880 pa, consisting of a ground floor retail unit, rear garage and first floor self-contained one bedroom flat.

Ground Floor - The retail unit is let on a 5 year lease commencing 8th July 2016 at £4,000 in year 1 with £4,500 pa in years 2 to 5.

Retail Area - 4.28 x 8.62 (14'1" x 28'3") - 36.89 sq m (397 sq ft)
The retail area is split level with laminated flooring, central heating and recently rewired. The corner frontage give excellent display onto London Road and Victoria Street. The retail area will be cleared of the kitchen fixtures.

Rear Store & W.C. - 3.49 x 3.06 (11'5" x 10'0") - 10.68 sq m (115 sq ft)
Store room with toilet facility access from the rear of the retail area.

Garage - 4.21 x 4.98 (13'10" x 16'4") - 20.97 sq m (226 sq ft)

First Floor Flat - The first floor flat has been let at £365 pcm on an AST agreement.

Kitchen - 3.55 x 2.90 (11'8" x 9'6") - A good sized kitchen with 'L' shaped cabinets.

Utility Room - 1.91 x 1.12 (6'3" x 3'8") - Located off the kitchen.

Lounge - 4.15 x 3.45 (13'7" x 11'4") - Painted walls and carpet.

Bedroom With Shower Room - 4.20 x 4.16 (13'9" x 13'8") - Double bedroom with shower, sink and toilet.

Services - All mains services are available subject to any reconnection which may be necessary. All services are separate for the ground floor shop and flat.

Planning - Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Business Rates - The Rateable Value for the ground floor is £3,300. The small business non-domestic rating multiplier is 48.4p in the pound, for properties with a rateable value up to £18,000. Bjb recommend parties make their own enquiries into any further business rate relief which maybe available.

Tenure - Freehold subject to any tenancy agreements upon completion.

Legal Costs - Each party is to be responsible for their own legal costs incurred in connection with the sale / purchase of the property.

Viewings - Strictly by appointment via bjb commercial, Head Office, Lake View, Festival Way, Stoke-on-Trent ST1 5BJ. Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.

As the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do not comment on the condition of the property or other issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain the possession of bjb.

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