Commercial Property for saleStafford Street, Stoke-On-Trent, Staffordshire, ST1
Guide Price* £200,000
To be sold by Public Auction on the 18th October 2016 at the AJ Bell Stadium, Barton Lounge, 1 Stadium Way, Manchester, M30 7EY.
PLEASE BE AWARE THAT THESE DETAILS ARE OFTEN UPDATED AND SUBJECT TO CHANGE ANY TIME BEFORE THE AUCTION. THEREFORE YOU MUST NOT RELY ON THE INFORMATION BELOW AND SHOULD CONTACT THE AUCTIONEER TO VIEW FULL PARTICULARS AND ANY ADDENDUMS ON THEIR WEBSITE.
The property occupies a good position on Stafford Street, Hanley close to the new Hanely Bus Station and within close proximity to the Potteries Shopping Centre. Stoke-On-Trent is approximately 1.25 miles to the south and the M6 motorway is approximately 6 miles to the east.
Vacant two storey retail unit and two storey restaurant/cafe let at an annual equivalent rent of £17,000.
The following details have been taken from the VOA:
18 Stafford Street
Ground Floor: 43 sq m (463 sq ft)
First Floor: 36 sq m (388 sq ft)
Total: 79 sq m (851 sq ft)
20-22 Stafford Street
Ground Floor: 105 sq m (1,130 sq ft)
First Floor: 84 sq m (904 sq ft)
Second Floor: 16 sq m (172 sq ft)
Total: 205 sq m (2,206 sq ft)
18 Stafford Street is vacant.
20-22 Stafford Street is let on a 10 year lease commencing XXX at a rent of £17,000 per annum. There are tenant break options in Years 3 and 6. The Tenant has been in occupation since 2001.
Approximately 196 sq m (234 sq yds)
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*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 Pugh and Company in partnership with The Auction People, Newton-Le-Willows on 01942 290 850.
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