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COMMERCIAL

Elder Road, Stoke-On-Trent

£475,000
Keates, Stoke On Trent
PROPERTY TYPE

Mixed Use

SIZE

Ask agent

Key features

  • Mixed Use investment Property
  • Potential Rental Income £49,800 pa
  • Consisting of six flats and a retail unit
  • Ground Floor empty and may suit owner occupier
  • CEPC'S Band C Ratings 73 & 67
  • Ask an adviser to book your viewing

Description

A mixed use commercial investment property consisting of six flats and a retail unit. This mixed use property has been modernised in recent years and benefits from car parking for seven vehicles, double glazing and electric heating throughout. The retail premises are currently empty and could be split. All the flats are occupied with a current rental role of £2525 per calendar month with scope to improve to circa £2900. The retail unit would lease for £15,000 per annum. Therefore, a potential rental income of £49,800 per annum.

Area ( Commercial Premises)

Circle 135 m². Approximately 1455 ft.².

Location

The property is located off the A53 and opposite Cobridge Community Health Centre. Nearby occupiers include Freshways Supermarket, Honda & Mercedes with the property being close to Festival Park.

Retail Unit1

Approx 41 m²/439 ft.²

Open plan retail space. With electric heating, Power Point, double glazing.
Kitchenette: with white wall and base units marble effect surfaces over. Tile effect floor. Power point
WC: fitted suite in white with basin and WC, tiled floor

Retail Unit 2

Approx 94.5 m² circa 1016 ft.²

Retail/office: with carpet floor, PowerPoint, electric heater heaters.
Kitchenette: with white wall and base units marble effect surfaces over. Tile effect floor. Power Point
WC: fitted suite in white with basin and WC, tiled floor

Planning

Formerly a pharmacy classed as Shop & Premises. All prospective purchasers should make appropriate enquiries with a local authority for usage.

Upper floors

Above the Former pharmacy are six flats. These are accessed from the car park. All the flats are currently rented, electrically heated and double glazed throughout. The property was modernised circa 2017.

Flats

Flat 1:
One bedroom self-contained flat currently rented for £415 per calendar month.

Flat 2:
A one bedroom studio flat currently rented for £425 per calendar month.

Flat 3:
A one bedroom self-contained flat currently rented for £420 per calendar month.

Flat 4:
A one bedroom studio flat currently rented for £415 per calendar month.

Flat 5:
A one bedroom studio flat currently rented for £425 per calendar month.

Flat 6:
A one bedroom self-contained flat currently rented for £425 per calendar month.

All flats are let on AST's.

EPCs for the flats

Flat 1: Band C Rating 70
Flat 2: Band D Rating 66
Flat 3: Band D Rating 63
Flat 4: Band D Rating 65
Flat 5: Band D Rating 65
Flat 6: Band C Rating 69

Outside

To the side of the property is a tarmac car park suitable for parking seven cars leading to a side access for the flats.

Brochures

Property BrochureFull Details

Energy Performance Certificates

Energy Performance Certificate

Elder Road, Stoke-On-Trent

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Longport Station1.4 miles
  • Stoke-on-Trent Station1.9 miles
  • Longton Station3.7 miles

About Keates, Stoke On Trent

84 Church Street, Stoke-On-Trent, ST4 1BS

A family firm stretching back to the 1920s. With the purchase and integration of both Stanley Keates & Sons offices our business expanded to cover all of North Staffordshire. Now under the ownership of Andrew & Richard Johnson the is once again a family firm.

The owners are both Chartered Surveyors and deal with Residential and Commercial property. The firm has now rebranded back to its roots and updated its image. With new IT, a new website and an updated image to drive its growth throughout the 2020s.

We offer our clients the following services;

Sales & Lettings, Auction Sales, Property Management, Homebuyers Reports & Valuations, Commercial Sales & Lettings and Commercial property advice.

As we are your local property experts your property will be in safe hands with Keates. So give us a call and get the right advice.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 12797213. 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 Keates, 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.

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