Commercial property for sale in Stone Road, Stafford ST16

4/4a Stone Road is a prominent investment property with a current rental income of £4,980 per annum. The ground floor is currently vacant with an estimated rent of circa £7,200 pa whilst the first floor one bedroom flat is let out on a Assured Shorthold Tenancy at £415pcm. Total estimated income assuming full occupancy is £12,000 pa.

Description

A two storey mid terrace property of brick construction under a pitched clay tile roof. The premises provide separate ground and first floor areas with the ground floor providing retail space with a store/staff room and WC. The first floor is accessed via an external staircase to the rear of the property leading directly into the kitchen with a living room, foyer, bedroom and bathroom/WC making up the remaining area of the first floor.

To the rear of the property is a shared car park with the permitted use of one car parking space allocated to the property.

Location

The property is located on Stone Road close adjacent to The Wagon and Horses Public House and close to Greyfriars retail park where there are a number of retailers including Farm Foods, Dunelm and The Range.

Accommodation

Ground floor
Retail Area: 192 Sq ft (17.84 Sq m)
Store cupboard: 28 Sq ft (2.60 Sq m)
Staff Area/Stores: 163 Sq ft (15.14 Sq m)

WC

first floor

Kitchen: 7ft9'x7ft9'
62 Sq ft (5.76 Sq m)
Living Room: 12ft9'x12ft2'
158 Sq ft (14.68 Sq m)
Foyer: 26 sq ft (2.42 Sq m)
Bedroom: 12ft3'x10ft2'
127 Sq ft (11.80 Sq m)
Bathroom/WC: 7ft5'x5ft6'
42 Sq ft (3.90 Sq m)

total NIA: 798 Sq ft (74.13 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

Ground floor
The voa website advises the rateable value for 2023/24 is £3,800. 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.

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

First floor

Council Tax Band A

Tenure - Freehold

Freehold subject to the existing agreement noted below:

Ground Floor: Previously let at circa £6,500 pa, estimated rental value £7,000pa
First Floor: Let by way of an Assured Shorthold Tenancy at £415 pcm

Legal Costs - Sale

Each party is responsible for their own legal costs in respect of the sale of this premises.

Vat

We have been advised Vat is applicable to this property.

Viewing

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.