A portfolio of eight individual properties, briefly comprising seven commercial premises and a first floor flat, more fully described below. All of the properties are let, many to the same tenant for a considerable period of time and are located in popular retail parades and/or on busy main roads. A number of properties are occupied by fast food retailers on long leases adding to the attraction of the portfolio.
Location
Situated in popular locations throughout Staffordshire
Accommodation
3 Brough Lane, Trentham, Stoke on Trent, ST4 8BX
A self-contained first floor hairdressing salon, forming part of a large period semi-detached property, comprising two independent commercial units. The property is located in an affluent and popular conurbation with excellent road connections and is close to Trentham Gardens and is currently undergoing extensive works to the roof which will come with a 15 year guarantee.
The salon is separately accessed from the side via an entrance hall with stairs leading to the first floor salon comprising a landing/waiting area, hair salon, treatment room, kitchen and toilet extending to a NIA of 585 sq ft.
The Rateable Value (effective 1st April 2023) is £XXX
Tenancy Details: The property is let to an individual by way of an Internal Repairing and Insuring lease until 31st January 2023 at a rent of £XXX pa and is currently being offered to the market by way of a new lease at a rent of £XXX pa.
EPC: Asset Rating 91 (Band D)
1A Brough Lane, Trentham, Stoke on Trent, ST4 8BX
A self-contained ground floor retail premises, located below the hair dressing salon, known as 1A Brough Lane. The sales area is accessed via the front and referring to the VOA the sales area extends to 662 sq ft with a further 624 sq ft of storage plus toilet.
The Rateable Value (effective 1st April 2023) is £XXX
Tenancy Details: the property is let to two individuals T/A Bargain Booze, by way of an internal repairing and insuring lease for a term of 15 years (no breaks), from 1st March 2014, subject to 3 year rent reviews. The initial rent of £XXX pa continues as the rent reviews effective 1st March 2017 and 1st March 2020 have not been actioned. The next rent review is due 1st March 2023.
EPC: Asset Rating 110 (Band E)
74A Church Street, Audley, Stoke on Trent, ST7 8DA
A semi-detached two storey retail premises with first floor ancillary accommodation together with land to the front upon which two cars can be parked. The property is centrally located opposite a Tesco mini store in the rural village of Audley which is heavily populated and approx. 5 ½ miles to the north of Newcastle centre. Referring to the VOA the ground floor has a sales area extending to 268 sq ft with a first floor store of 187 sq ft, kitchen 19 sq ft and toilet.
The Rateable Value (effective 1st April 2023) is £XXX
Tenancy Details: the property is occupied by an individual T/A Woofs & Whinnies Dog Groomer, by way of a Full Repairing and Insuring lease for 10 year (no breaks), from 13th January 2023 subject to rent reviews at the end of the 3rd and 7th year and at an initial rent of £XXX pa.
EPC: Asset Rating 111 (Band E)
521 Etruria Road, Basford, Stoke on Trent, ST4 6HT
A prominently located end of terrace takeaway premises with separately accessed one bedroom flat above and land to the front upon which two cars can be parked. The property forms part of a terrace of mixed use commercial properties in a densely populated area and has main road frontage to the A53. Referring to the VOA the ground floor comprises a sales area of 392 sq ft with a kitchen of 75 sq ft and toilet. The flat comprises a bedroom, bathroom, kitchen and living room and is independently accessed from the rear.
The Rateable Value (effective 1st April 2023) is £XXX
Tenancy Details: The whole property is occupied by two individuals T/A Cinnamon Tree, who have recently acquired consent for ‘hot food takeaway’ use, by way of a Full Repairing and Insuring lease from 30th June 2022 for a term of 7 years, subject to a rent review on the 30th December 2025 and at an initial rent of £XXX pa. The flat is only to be used by the tenant, or their staff and cannot be sublet.
EPC: Asset Rating 89 (Band D)
211 Liverpool Road, Cross Heath, Newcastle, Staffordshire, ST5 9HW
A prominently located detached two storey takeaway premises with first floor storage, forming part of a popular mixed use parade of commercial properties having frontage to the A34 and on-street parking in a densely populated area on the outskirts of Newcastle town centre. Referring to the VOA the ground floor comprises a sales area 414 sq ft, kitchen 198 sq ft, storage 84 sq ft with first floor storage 442 sq ft and WC. There is also a garage and external store to the rear.
The Rateable Value (effective 1st April 2023) is £XXX
Tenancy Details: The whole property is let to an individual (with guarantor) T/A Flames, by way of a 14 year lease (no breaks), Full Repairing and Insuring lease from 22nd May 2020, subject to rent reviews at the end of the 6th, 9th and 12th years. The initial rent is set at £XXX pa.
EPC: TBC
6 Atherstone Road, Trentham, Stoke on Trent, ST4 8JY
A self-contained ground floor retail premises forming part of a neighbourhood shopping development comprising six retail units with residential flats above, located in an established and desirable residential area, with on street parking and a garage to the rear. Referring to the VOA there is a sales area of 615 sq ft plus toilet.
The Rateable Value (effective 1st April 2023) is £XXX
Tenancy Details: The ground floor is let to two individuals T/A Suitcase (Drycleaners) by way of a 5 year Full Repairing and Insuring lease from 1st November 2018 expiring 31st October 2023, at a passing rent of £XXX pa, which is an extension of an original lease which commenced 19th December 2006. The tenants have expressed a desire to take a new lease in 2023, on terms yet to be agreed.
EPC: Asset Rating 85 (Band D)
6a Atherstone Road, Trentham, Stoke on Trent, ST4 8JY
A self-contained two bedroom apartment with balcony off the living room, comprising rear entrance hall with stairs leading to a landing area with access to the kitchen, living room, bathroom and two bedrooms.
Tenancy Details: The property is occupied by a longstanding tenant who has been in occupation since 2007 paying £XXX pcm (£XXX pa) who is due to enter into a new 12 month Shorthold Tenancy Agreement shortly.
EPC: Asset Rating 63 (Band D)
453 Hartshill Road, Hartshill, Stoke on Trent, ST4 6AB
A two storey mid terrace retail premises forming part of a busy parade of mixed use commercial properties with main road frontage, on street parking and being located within a densely populated area, close to Stoke Royal Hospital. Referring to the VOA the ground floor comprises a sales area extending to 318 sq ft together with a store 169 sq ft and at first floor there is a further store 273 sq ft and WC.
The Rateable Value (effective 1st April 2023) is £XXX
Tenancy Details: The whole property is let to two individuals T/A Makers & More, by way of a 5-year Full Repairing and Insuring lease from the 19th August 2022 at a rent of £XXX pa. There is a tenant break effective 18th February 2025, subject to a six months’ notice period.
EPC: Asset Rating 110 (Band E)