Commercial property for sale in Etruria Road, Basford, Stoke-On-Trent ST4

For Sale by public auction on Monday 3rd June 2024 at 6.30pm. The Double Tree by Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ. Live online bidding available.

Prominent Investment comprising roadside shop premises and self contained flat above with parking to the rear. Let by way of a new 7 year lease from the 30th June 2022 at £8,950 per annum with potential to increase the income over the coming years.

Description

Two storey property providing ground floor shop unit incorporating sales area and kitchen together with self contained first floor flat with bedroom, living area/kitchen, bathroom and attic room. The property is let on a new lease from 30th June 2022 at £8,950 per annum.

Location

The property is located on the corner of Etruria Road and Sackville Street in the Basford area of Stoke-on-Trent. On street parking is available outside the property and there is a yard to the rear suitable for one or two vehicles (May suit delivery vans).

Accommodation

Ground floor:
Sales: 365 Sq ft (33.91 Sq m)
Kitchen: 76 Sq ft (7.06 Sq m)
WC (Accessed from outside)

first floor:
Flat accessed via door to rear (outside)
Living Room/Kitchen: 221 Sq ft (20.33 Sq m)
Double Bedroom: 167 Sq ft (15.51 Sq m)
Bathroom: 55 Sq ft (25.55 Sq m)

Attic Room (steps leading up to room with limited height)
83 Sq ft (7.71 Sq m)

total NIA: 967 Sq ft (89.84 Sq m)

Services

All services are available, subject to any reconnection which may be necessary.

Heating is provided by Electric storage heaters. EPC Energy Rating D (89)

Planning

Bjb recommend that potential purchasers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Rating

**** zero rates eligible ****
The voa website advises the rateable value for 2023/24 is £3950. The standard non-domestic business rates multiplier is 51.2p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

First Floor Flat: Council Tax band A.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Tenure - Freehold

Freehold, subject to a 7 year lease from the 30th June 2022 at a rent of £8,950 per annum.
Please refer to the legal pack for a copy of the lease in respect of reviews and break options where applicable.

Proof Of Identity

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Common Auction Conditions

This property is sold subject to our Common Auction Conditions (a copy is available on request).

Buyers Administration Fee

A buyers administration fee of £1,000 plus VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.

Legal Pack

Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website . Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.

Auction Viewing

To view this lot, please contact the selling office.

Internet, Telephone & Proxy Bidding

Interested in this lot but can't attend the auction? You can bid by internet, telephone or by proxy by pre-registering with our auction department on or email . Further details are available in the catalogue.

Addendum

Check the latest addendum at for any alterations or changes to the catalogue.

Guide Price

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.