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Commercial Property for sale

King Street, Stoke-on-Trent, Staffordshire

Sold STC £300,000

Property Description

Full description

Investment to include three shops currently let producing £15,000 per annum, three 2 bedroom flats and a garage site to the rear in Kidsgrove Town Centre with car parking to the front and close by.

Description - The property comprises a semi circle of shops and flats where we are selling three of the shops and three flats above. There is also a garage site to the rear and part of the forecourt to the front of the shops. The building is of brick construction under a pitched tiled roof.

The flats comprise a ground floor door leading to a hallway with stairs to the first floor and rear room. On the first floor a hallway leads to a kitchen, lounge, bedroom and bathroom with bath, toilet and sink and the gas central heating boiler. The flat has carpeted floor, painted walls and ceilings, double glazed windows and a central heating system.

Currently the shops are let to an estate agent Wakefield Giles, a wine cellar and oatcake shop.

The garage site to the rear of the building has a number of garages as well as access to the other shops. Some of the garages have been demolished and some remain in situ which are of brick construction under a flat felt roof.

To the front of the property there is an area for parking, loading and unloading and a pavement.

Location - The property is located on King Street in Kidsgrove Town Centre opposite to a public car park. Kidsgrove is one of the towns which make up the Borough of Newcastle-under-Lyme with Newcastle-under-Lyme Town Centre being approximately four miles from the property. It is the main retail and administrative centre of Newcastle-under-Lyme Borough Council.

Kidsgrove is a small district centre with local shops although there is a Tesco supermarket on the outskirts of the Town. Kidsgrove has a population of 24,112 (Census 2001) and grew up around coal mining although this has no ceased.

Kidsgrove is on the A50 which links Stoke-on-Trent through to Holmes Chapel and Warrington to the north. There is access south to the Stoke-on-Trent conurbation and north to the Cheshire Plains. The Town has its own railway station linking Crewe, Manchester and Stoke-on-Trent.

Accommodation - 11 King Street - Shop
Ground Floor 398 sq.ft (36.97 sq.m)
Store 233 sq.ft (21.64 sq.m)

13 King Street - Shop
Retail Area 312 sq.ft (28.98 sq.m)
Kitchen 139 sq.ft (12.91 sq.m)
Store 64 sq.ft (5.94 sq.m)

15 King Street - Shop
Retail Area 162 sq.ft (15.04 sq.m)
Rear Preparation Area 239 sq.ft (22.20 sq.m)

Each Flat comprises
Ground Floor
Stairs to first floor
Rear Room
First Floor
Landing Area leading to
Lounge 183 sq.ft (17.00 sq.m)
Kitchen 92 sq.ft (8.54 sq.m)
Bedroom 138 sq.ft (12.82 sq.m)
Bathroom 124 sq.ft (11.51 sq.m)

Rear Garage Site
Front Forecourt Area and Pavement

Services - All mains services are connected.

Tenure - Freehold.

EPC's available upon request.

Tenancies - No. 11 King Street is let to Wine Cellar Trading Limited for a term of 10 years from April 12th, 2013 at a current rent of £5,500 per annum.

No. 13 King Street is let to Wakefield Giles for a term of 3 years from May 13th, 2012 at a current rent of £5,250 per annum.

No. 15 King Street is let to Mr. And Mrs. Hamilton trading as an oatcake shop on a 9 year lease from March 16th, 2009 at a current rent of £4,250 per annum.

The three flats will be sold with vacant possession.

The remaining garages will be sold with vacant possession.

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
Email : commercial@bjbmail.com

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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