Retail Property (high street) for saleHigh Street, Stoke-on-Trent, Staffordshire
Guide Price* 994 sq. ft. | £60,000
- 994 sq ft (92 sq m)
- Retail Unit
- Vacant first floor one bedroom flat with separate entrance
- Current income from ground floor £2,500 pa
For Sale by public auction on 9th May 2016. Live online bidding available.
Retail unit currently let with vacant first floor one bedroom flat with separate entrance. The ground floor shop is currently let at a rent of £2,500 per annum.
Description - The property comprises a ground and first floor, end terraced brick building under a pitched tiled roof. On the ground floor there is a retail unit with a separate door providing access to the first floor one bedroom flat.
The retail unit has a main retail area with office, kitchen and toilet. On the first floor a landing area gives access to the front bedroom, rear lounge/dining room with a further door leading to an inner hallway, kitchen and large bathroom with bath, toilet and sink. The central heating boiler is also in the bathroom. The first floor has a mixture of carpeted timber boarded and lino flooring with papered walls and painted ceiling. The kitchen is fully fitted.
The building has a wall tie at first floor level.
Location - The property is located on High Street in Talke Pits, a mainly residential area to the north of Newcastle-under-Lyme. Newcastle-under-Lyme Town Centre is approximately four miles south of the property and is the main retail and administrative centre of Newcastle-under-Lyme Borough Council.
The property has direct access onto the A34 which runs through Newcastle-under-Lyme and its junction with the A500, a major urban expressway through the heart of the Stoke-on-Trent conurbation linking junction 15 and 16 of the M6 Motorway is approximately three quarters of a mile from the premises. The M6 Motorway is approximately four miles from the property.
High Street has a number of other local shops including a Co-Op store and public houses. Freeport is a discount retail outlet offering up to 60% off retail prices is approximately half a mile from the premises where there are fashion and homeware High Street stores and cafes.
Accommodation - Ground Floor
Front Area 142 sq.ft (13.19 sq.m)
Rear Area 303sq.ft (28.14 sq.m)
Office 59 sq.ft (5.48 sq.m)
Kitchen 22 sq.ft 2.04 sq.m)
Total Ground Floor Area 526 sq.ft (48.86 sq.m)
Landing Area leading to:-
Bedroom One 124 sq.ft (11.51 sq.m)
Lounge/Dining Room 130 sq.ft (12.07 sq.m)
Inner Hallway/Kitchen105 sq.ft (9.75 sq.m)
Bathroom 109 sq.ft (10.12 sq.m)
Services - All mains services are connected.
Tenure - Freehold. The ground floor shop is currently let for a term of 3 years from August 12th, 2013 at a rent of £2,500 per annum. The first floor flat is currently vacant.
Rating - The Rateable Value is £1,900. We believe the first floor apartment to be in Council Tax Band A. The standard non-domestic rating multiplier is 48.2p in the pound. The small business non-domestic rating multiplier is 47.1p 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 may be available.
Common Auction Conditions - This property is sold subject to our Common Auction Conditions (a copy is available on request).
Viewing - 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.
Contact - For all enquiries other than viewings please contact:
Richard Day Bsc (Hons) MRICS
Buyers Administration Fee - A buyers administration fee of £750 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 vendors 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.
Internet, Telephone & Proxy Bidding - Interested in this lot but cant attend the auction? You can bid by internet, telephone or by proxy by pre-registering with our auction department on 0800 090 2200 or email firstname.lastname@example.org. Further details are available in the catalogue.
Addendum - Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.
Guide Price - An indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price - The sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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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*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.
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 Butters John Bee Group Limited, Stoke-On-Trent on 0178 295 5043.
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