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Commercial Property for sale

St John Square, Stoke-on-Trent, Staffordshire

Sold STC £175,000
2,071 sq. ft.

Property Description

Commercial information

  • 2,071 sq ft (192 sq m)

Full description

An attractive investment opportunity located within Burslem town centre. The property is well restored Grade II Listed building located next to the public car park and let on a 5 year term from 15th September 2015.

Dominique's Wine Bar Not Affected.

Location - The property is prominantly located on the corner of St John Square and Market Place. St John Square provides public parking and has a range of occupiers including turf accountants, restaurants and public houses. Market Place provides for some of the main retailers in the area and the historic Town Hall has been transformed into a sixth form centre.

Description - The property is Grade II Listed and the Tenant currently runs the property as a restaurant and wine bar on the ground floor. The first floor provides 2 x offices, kitchen and 3 x w.c's with wash room. The second floor consists of 3 x en-suite letting rooms.

Tenancy - The entire property is let on a 5 year Lease from 15th September 2015 on a full repairing and insuring obligation. The rent is stepped from £12,000 pa in years 1 and 2, up to £14,000 pa for years 3 to 5. Rent is paid monthly in advance. The Lease is is the personal names of the Tenant's.

Accommodation - Ground floor
'L' shaped bar and seating areas

First floor
2 x offices
3 x w.c's

Second floor
3 x en-suite letting rooms

Basement with barrel drop

Business Rates - The Rateable Value is £8,300. The standard non-domestic rating multiplier is 49.7 Pence in the pound. The small business non-domestic rating multiplier is 48.4 Pence 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.

Services - All mains services are available subject to any reconnection which may be necessary.

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

Tenure - Freehold subject to the existing Lease 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.

Vat - VAT is not applicable.

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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