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Commercial Property for sale

Liverpool Road, Stoke-on-Trent, Staffordshire

£200,000

Property Description

Full description

An investment opportunity currently let on an initial 6 month agreement producing £2,340 pcm from 6th August 2016 located close to Stoke town centre, Staffordshire University Campus and excellent road links to the A500 'D' road. The property consists of letting rooms which have been refurbished, plus a retail frontage.

No. 62 Liverpool Road - The ground and first floors consists of four letting rooms with shared kitchen and bathroom facilities. The second floor is currently not in use but has been refurbished and can accommodate a further letting room, subject to additional licences. The front section consists of a retail unit which is interlinked with the retail unit fronting No.64.

No 64 Liverpool Road - The ground and first floors consists of five letting rooms with shared kitchen and bathroom facilities. The second floor is currently not in use but has been refurbished and can accommodate two further letting room, subject to additional licences. The front section consists of a retail unit which is interlinked with the retail unit fronting No.62.

Tenancy - The property, excluding the retail units, have been let on a 6 months agreement producing a rent of £2,340 pcm. The agreement commenced on the 6th August 2016 to Homelike Limited, on an internal repairing agreement with the Landlord to insure the building.

The front retail units do not form part of the agreement and could generate further income. The retail units do not have toilet facilities.

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.

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

Tenure - Freehold subject to the existing agreement.

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.

IMPORTANT NOTICE
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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