Retail premises for sale in Horse Fair, Rugeley WS15

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.

51,53 and 55 Horse Fair are highly prominent retail premises with living accommodation above together with 86 Talbot Street a former dwelling and workshop. The property requires refurbishment and modernisation throughout but once complete, the expected rental income is circa £34,000 pa.

86 Talbot Street is a three bedroom house with a detached workshop to the rear. This also requires refurbishment and modernisation, and may suit conversion to flats or two houses.

Freehold with Vacant Possession.

Description

A row of three terrace properties comprising ground floor shop units with living accommodation above, and three bedroom house with detached workshop to rear.

The three terraced properties could be split to provide two/three flats. The building will require refurbishment prior to letting but following the improvements there is the potential for an income of circa £26,000 per annum.

The three bedroom house is is of brick construction under a pitched tile roof. The ground floor consists of Kitchen with access onto the shared parking area to the rear, Living room, Dining room and Utility. Stairs lead up to the first floor where there are three bedrooms and a bathroom. Immediately behind the house is a workshop which could be converted (STPP) into a annexe, flat or garage. Alternatively it may suit someone wanting an office or workspace. Potential income: £8,000 pa.

To side of the terraced properties there is a vehicular access leading to parking to the rear. The property will be sold Freehold with Vacant Possession.

Location

The property is located on Horse Fair in Rugeley. Nearby occupiers include jd Wetherspoon, Argos and Home & Bargains. Sat Nav users should use post code WS15 2EJ

Accommodation

Commercial

No.51 (Retail)
364Sq ft (33.82 Sq m)

No.53 (Retail)
396 Sq ft (36.79 Sq m)

No.55 (Retail)
412 Sq ft (38.27 Sq m)

Residential

First Floor
Kitchen: 107 Sq ft (9.94 Sq m)
Living Room: 147 Sq ft (13.66 Sq m)
Bedroom: 97 Sq ft (9.01 Sq m)
Bathroom: 28 Sq ft (2.60 Sq m
WC: 22 Sq ft (2.04 Sq m)

Living Room: 186 Sq ft (17.28 Sq m)
Room One: 151 Sq ft (14.03 Sq m)
Room Two: 166 Sq ft (15.42 Sq m)
Room Three: 60 Sq ft (5.57 Sq m)
Room Four: 116 Sq ft (10.78 Sq m)

86 Talbot Street:

Ground floor

Kitchen: 138 Sq ft (12.82 Sq m)
Living Room: 157 Sq ft (14.59 Sq m)
Dining Room: 176 Sq ft (16.35 Sq m)
Utility: 90 Sq ft (8.36 Sq m)

First floor

Bedroom: 138 Sq ft (12.82 Sq m)
Bedroom: 164 Sq ft (15.24 Sq m)
Bedroom: 166 Sq ft (15.42 Sq m)
Bathroom: 93 Sq ft (8.64 Sq m)

Workshop

Ground Floor: 272 Sq ft (25.27 Sq m)
First Floor: 272 Sq ft (25.27 Sq m)

Services

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

Planning

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

Rating

No.51 - No Information
No. 53-55 rv: £3,000

The standard non-domestic business rates multiplier is 49.3p. The small business multiplier is 51.2p up to a rateable value of £51,000. 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.

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

Tenure

Freehold with vacant possession upon completion.

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.