Commercial Property for saleThe Strand, Stoke-on-Trent, Staffordshire
Sold STC 1,964 sq. ft. | £135,000
- 1,964 sq ft (182 sq m)
Full descriptionAn investment, currently fully let with £10,000 per annum being achieved from the retail area over first and second floors with the flat let at £350 pcm on a short shorthold tenancy.
Total Floor Retail1,964 sq.ft. (182.45 sq.m.) plus one bedroom flat
Description - The property comprises a ground floor retail unit with first and second floor storage area. The property is accessed via double doors with large display window, tiled floor, timber clad walls and suspended ceiling. An archway leads through to the rear preparation area which could be used as storage or further retail space. A door provides access to two rear store rooms which currently have fridges and there is a rear toilet.
Stairs lead to the first floor where there are two rooms and a toilet. Further stairs to the second floor where there are two more rooms. These can all be used for storage or offices etc.
There is also a separate entrance to a first floor flat which comprises lounge, bedroom, kitchen, utility and bathroom.
The property is an historic building within the centre of Longton.
Location - The property is located in Longton Town Centre, one of the six towns which make up the Stoke-on-Trent conurbation and is located to the south. Longton has a large residential population close by with some 90,000 people within a 10 minute drive of the Town Centre.
The property is situated on The Strand, one of the main thoroughfares though the Town with car parking opposite in Longton Exchange and at Tesco. The property is in a prominent location in the Town Centre.
Accommodation - Ground Floor Area 617 sq.ft.
Rear preparation Area 329 sq.ft.
Store 271 sq.ft.
Room 1,213 sq.ft.
Room 2,183 sq.ft.
Room 1,285 sq.ft.
Room 266 sq.ft.
Separate One Bedroom Flat
Comprising lounge, bedroom, kitchen, utility and bathroom.
Services - All mains services are connected
Tenure - Freehold
Tenancies - The property is currently let to a Mr. Hemin Mustafai for a term of six years from November 2015 at an initial rent of £10,000 per annum. The first floor flat is currently let on a short shorthold tenancy from February 2016 at £350 pcm. This provide a total current income of £14,200 per annum.
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
Subject To Contract - Misrepresentation Act 1967: These particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any errors.
All prices quoted are exclusive of VAT if applicable. Butters John Bee recommends potential purchasers / occupiers seek independent advice with regard to VAT and property.
All areas and dimensions given are approximate only.
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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