Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

7 Liverpool Road, Stoke on Trent, ST4 1AR

723 to 1,288 Sq Ft / Other / Investment

For Sale - £199,950.00

Available - Last updated: 19 April 2024

GENERAL DESCRIPTION 

A prominently located mid terrace investment property briefly comprising a self-contained ground floor shop above which are two separately accessed and self contained one-bedroom apartments. The property was extensively refurbished and converted approximately 15 years ago and has proved popular with both commercial and residential tenants ever since, due to the presentation of the internal accommodation. Both flats have fitted kitchens and are accessed via a communal front door off Liverpool Road. The first floor flat has the added benefit of a secluded roof terrace which provides private external amenity space. The property is offered on a fully let basis with tenants having recently entered into new agreements and is fully compliant with all current legislation and benefits from above average EPC assessments.

Location

LOCATION 

The property is prominently located on Liverpool Road and forms part of an established terrace of similar mixed-use properties forming part of the town centre of Stoke and is close to a number of public car parks

Accommodation

ACCOMMODATION 

Ground Floor Sales Area: 723 sq ft 
Kitchen: 109 sq ft 
WC: - 
Basement Storage: 456 sq ft 
 
First Floor (7a) 
Entrance hall: - 
Living room/Kit: 21’6” x 10’9” 
Bathroom: 6’9” x 10’0” 
Bedroom: 9’0” x 18’6”
 Roof Terrace: 24’0” x 18’6” 
 
Second Floor (7b) 
Entrance Hall: - 
Living room: 10’3” x 14’3” 
Kitchen: 14’3” x 6’3” 
Bedroom: 12’6” x 10’0” 
Bathroom: 10’0” x 6’0”

Terms

SERVICES 

All main services are connected to the building and each individual part is separately metered. The flats benefit from gas fired central heating and there is also an intercom entry system installed. There is a gas supply to the shop however this is capped, and heating is by means of electric wall mounted heaters. No services have been tested by the agents. 
 
VAT 
The sale price is not subject to VAT. 
 
TENURE 
The property is available freehold, subject to contract and with the benefit of the existing leases in place at date of completion. 
 
BUSINESS RATES 
The shop has a Rateable Value of £4,150 The flats have a Council Tax Band A assessment. The rates and council tax payable is the responsibility of the tenants
 
EPCs 
Shop: 82 (Band D) 
7a: 76 (Band C) 
7b: 79 (Band C) 
 
COUNCIL TAX 
Band A
 
TENANCY DETAILS 
The ground floor shop is let to an individual (with guarantor) by way of an internal repairing and insuring commercial lease for a term of five years commencing 17th November 2023. During the lease there are incremental annual rent rises as follows: 
 
Year 1: £6,540 pa 
Year 2: £7,020 pa 
Year 3: £7,500 pa 
Year 4: £7,980 pa 
Year 5: £8,460 pa 
 
The first floor flat is let by way of a Shorthold Tenancy Agreement for a 12 month period from the 26th January 2024 at a rent of £525 pcm. The second floor flat is let by way of a Shorthold Tenancy Agreement for a 12 month period from the 23rd January 2024 at a rent of £475 pcm. Based on the above and assuming the residential rents do not increase the property will generate a gross annual income of: 
Year 1: £18,540 
Year 2: £19,020 
Year 3: £19,500 
Year 4: £19,980 
Year 5: £20,460 
 
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

Fully let town centre investment opportunity 

• Comprises retail unit together with two self-contained flats. 
• Forming part of an established parade of shops with main road frontage. 
• Recently entered into leases and producing £19,500 pa 
• Fully modernised property offering low management input 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £199,950.00 NA

Email me updates about similar new properties


Show similar properties

Contact agents

Agency Team

Rory Mack Associates Ltd

01782 365492



Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):


Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.