A substantial end of terrace commercial and residential investment opportunity comprising a self-contained retail unit together with rear store/workshop as well as a self-contained and separately accessed three bedroom flat arranged on 1st and 2nd floor. The retail unit offers well proportioned sales accommodation together with two private offices and a large kitchen/store to the rear. The property has excellent display frontage to Hartshill Road as well as return frontage to Green Street.
Location
Located on the edge of Stoke town centre and is within 50 yards of public car parking.
Accommodation
Ground floor (shop):
Sales area (inc 2 offices): 682 sq. ft.
Kitchen/store: 189 sq. ft.
2 x WC’s: -
NIA: 871 sq. ft.
Ground floor workshop: 412 sq. ft.
1st Floor storage above: 702 sq. ft.
Flats:
1st Floor: Lounge: 20’3” x 13’9”
Kitchen: 13’9” x 11’9”
Bathroom: 10’9” x 6’6”
Bedroom: 9’6” x 10’0”
2nd Floor: Bedroom: 10’9” x 13’9”
Bedroom: 10’3” x 9’0”
Store: 24’0” x 8’3”
Outside: To the side is a small secure courtyard offering 49 sq. ft. of accommodation.
Terms
TENURE
The ground floor retail unit is available by way of a new Internal Repairing and Insuring lease for a term of years to be agreed, subject to rent reviews every three years and with the incoming tenant being responsible for landlord’s reasonable legal fees. Alternatively the freehold is available with vacant possession of the commercial part at an asking price of £XXX
SERVICES
All main services are connected to the retail property and heating is provided by a gas fired hot air ducting system. The flat is separately metered and benefits from independent gas fired central heating. No services have been tested by the agent.
BUSINESS RATES
The retail premises together with rear ground and 1st floor store/workshop has a rateable value of £XXX
Rates Payable: £XXX pa (19/20)
Note: If you qualify for Small Business Rates Relief you will be entitled to a 100% rates exemption.
VAT
The sale price is not subject to VAT.
EPC
TBA
INVESTMENT POTENTIAL
The flat is currently let on a room by room basis with one room let at £XXX pcm, and another two rooms which are vacant. The property currently achieves £XXX pa from the flat. There is also the opportunity of leasing the rear workshop/store separately.
Specification
- Prominently located investment opportunity extending to 871 sq. ft.
- Spacious 3 bedroom flat above (part income producing)
- Will be of interest to owner occupiers and investors
- Additional store/workshop to rear