A detached two storey studio of brick elevations and slate pitched roof. The unit is being sold as an investment opportunity with a long serving tenant with 9 years left on an FRI Lease. The tenant currently pays £4,200pa and has extensively refurbished and maintained the unit to a high standard. The building is being used as a music studio and comprises a reception area, recreational area, rehearsal room, store, WC and kitchen on the ground floor. On the first floor is a large music studio and three further office/storage rooms. The property comes with gas fired central heating and double glazed windows.
Location
Located off Clayhanger Street which is accessed via Queen Street the unit is in the centre of Burslem.
Accommodation
Ground floor
Recreational area: 192 sq ft
Reception: 179 sq ft
Rehearsal Room: 198 sq ft
Kitchen: 54 sq ft
Storage: –
WC: --
First floor
Studio: 168 sq ft
Office: 56 sq ft
Office: 60 sq ft
Office: 77 sq ft
Total NIA: 984 sq ft
Terms
SERVICES - All main services are connected. Gas fired central heating installed throughout. No services have been tested by the agents.
VAT - The sale price is not subject to VAT.
TENURE - Available freehold, subject to contract and with tenant in occupation upon completion.
PRICE - £75,000
BUSINESS RATES:
Rateable value £4,100
Rates payable £2,045.90 pa (23/24)
Note: if you qualify for small business rates relief you should be entitled to a 100% rate exemption.
EPC - TBC
ANTI MONEY LAUNDERING REGULATIONS - In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
Specification
- Affordable investment opportunity with tenant on long FRI Lease
- Immaculate presentation inside
- Income of £4,200pa
- Potential for capital growth with investment in the area
- EPC - TBC