Retail premises for sale in Queens Court, Newcastle-Under-Lyme ST5

For Sale by Under The Hammer online auction. Tuesday 2nd - 4th April 2024

A rare opportunity to acquire a freehold mixed use premises which has an established traditional pub on the ground floor.

Overall income is £35,280PA with scope to increase.

Ground Floor:

Commercial let to Bottlecraft Ltd at £15,000pa on a 5 year full repairing and insuring lease from November 2021.

The tenant is responsible for payment of any business rate liability where applicable.

Bar area: 1,458 sq ft

Cellar/WC x 2

Upstairs

benefits from three modern one bedroom apartments, having a separate entrance and individual metres. The building is positioned in a great location in Newcastle-under-Lyme's Iron Market.

Flat 1 is let at £550pcm from 16/02/23 on a 12 month AST

Flat 2 is let at £550pcm from 17/02/23 on a 12 month AST

Flat 3 is let at £590pcm from 24/02/23 on a 12 month AST.

Please see legal pack for all tenancies.

Flat 1, first floor

Lounge/kitchen 186 sq ft

Shower room 32 sq ft

Bedroom 173 sq ft Total: 391 sq ft

Flat 2, first floor

Lounge/kitchen 172 sq ft

Shower room 36 sq ft

Bedroom 105 sq ft Total 313 sq ft

Flat 3, second floor

Lounge 98 sq ft

Kitchen 54 sq ft

Bedroom 140 sq ft

Shower room 21 sq ft Total 313 sq ft

Total NIA: 2,475 sq ft

EPC - E

EPC - D (100)