The Strand, Longton, Stoke-On-Trent, Staffordshire ST3 2JH

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Residential & Commercial Investment

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The property comprises a multi-let mixed-use investment consisting of 1x commercial unit
trading as an independent public house (249 sq. m (2,680 sq. ft)) and 8x flats ranging from 31 sq. m (334 sq. ft) to 42 sq. m (452 sq. ft). The building itself of early 20th century origin and was refurbished to provide the existing accommodation in 2005/2006. The public house occupies the majority of the ground floor and basement. It has a modern interior with bar and seating
area to the front & right-hand side, office, stores, male and female toilets and a conservatory at the rear together with a private external seating area. The flats are accessed from the left-hand side of the building via a communal entrance. Inside the communal areas and flats are finished to a modern standard. Each flat has an entrance lobby, living room, kitchen, bedroom and ensuite.

Stoke on Trent is a major commercial and industrial city and unitary authority in North Staffordshire, approximately 29 miles to the south of Manchester and 40 miles to the north of Birmingham. The property itself is located in Longton, one of the six towns that make up the City of Stoke of Trent. Longton is situated in the southeast of the City and is a popular residential area with a thriving town centre having a wide range of independent traders and household names, bus station, train station and easy access to the major road network.

TENANTS 1. Commercial Units Individual - EPC rating C
EPC sqm 249
Lease start date 01 July 2023 for 5 years to 01 July 2028 at rent £30,000
Flat 1 Individual - EPC rating D - expiry date 04/10/2027 - EPC sqm 34
Tenancy start date 27 June 2022 - rent £485pcm totalling annual rent £5,820 - deposit taken £490
Flat 2 Individual - EPC rating D - expiry date 04/10/2027 - EPC sqm 33
Tenancy start date 07 June 2024 - rent £550pcm totalling annual rent £6,600 - deposit taken £550
Flat 3 Individual - EPC rating C - expiry date 28/3/2029 - EPC sqm 38
Tenancy start date 04 November 2022 - rent £495pcm totalling annual rent £5,940
Flat 4 Individual - EPC rating D - expiry date 04/10/2027 - EPC sqm 42
Tenancy start date 23 June 2023 rent £525pcm totalling annual rent £6,300 - deposit taken £545
Flat 5 Individual - EPC rating D - expiry date 06/06/2027 - EPC sqm 33
Tenancy start date - 01 March 2023 rent £550pcm totalling annual rent £6,600 - deposit taken £515
Flat 6 Individual - EPC rating C - expiry date 05/03/2032 - EPC sqm 43
Tenancy start date 16 October 2023 rent £475pcm totalling annual rent £5,700
Flat 7 Individual - EPC rating C - expiry date 06/04/2027 - EPC sqm 31
Tenancy start date 17 September 2024 rent £525pcm totalling annual rent £6,300 - deposit taken £1,120
Flat 8 Individual - EPC rating C - expiry date 06/06/2027 - EPC sqm 42 -
Tenancy start date 08 May 2024 rent £575 pcm - totalling annual rent £6,900 - deposit taken £605
Services All mains' utilities services are understood to be available.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services
Planning The existing use of the property is authorised pursuant to Stoke on Trent planning decision 43073/FUL.
Tenure Freehold - Title Number: SF75384
Costs Each party is to be responsible for their own legal costs
Note PROSPECTIVE BUYERS PLEASE NOTE We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Tenure: Freehold

Terms:
Guide Prices & Reserves
Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer’s premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.

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Auction Hammer Midlands Property Auctions endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.

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Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.

Administration Fee: £2000 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £2000 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.