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Commercial Property for sale

Balfour Street, Stoke-on-Trent, Staffordshire

Guide Price* 748 sq. ft. | £45,000

Property Description

Commercial information

  • 748 sq ft (69 sq m)

Key features

  • A mixed commercial and residential investment opportunity located 0.6 mile from Hanley town centre
  • Producing 7,900 pa
  • Consisting of a ground floor business premise and self contained 1st floor one bedroom flat
  • Ground floor let on a 5 year term from 17/11/2015 at 4,000 pa
  • 1st floor flat let at 3,900 pa
  • Commercial EPC - G
  • Residential EPC - F

Full description

Previously offered by auction, now available at the reserve price call our office now.
A mixed commercial and residential investment opportunity producing £7,900 pa, consisting of a ground floor business premise and self contained 1st floor 1 bed flat. The property is located opposite a new residential development site 'Lyme Gardens'.

Description - The property is located within a residential area with further development opposite under way known as 'Lyme Gardens' which will provide a range of 2, 3 and 4 bedroom homes. The property is also located approximately 0.6 miles from Hanley town centre.

The ground floor premise is occupied by B.A.T building contractors and consists of an open sales/office of 50.96 sq m (548 sq ft). Externally there is a useful secure yard with double steel gates, car port and external stores extending to 18.60 sq m (200 sq ft).

The first floor consists of a one bedroom flat with bedroom, lounge, kitchen and bathroom.

Tenancy Details - The ground floor is let on an assured 5 year term from 17th November 2015 at £4,000 pa. The 1st floor flat let to the same Tenant on a Company Letting Agreement at £3,900 pa.

Common Auction Conditions - This property is sold subject to our Common Auction Conditions (a copy is available on request).

Buyer's 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 auction@bjbmail.com. 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.

Vat - VAT is not applicable.

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.

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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Disclaimer - Property reference 26410884. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Butters John Bee Group Limited, Stoke-On-Trent. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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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