Commercial property for sale in Atherstone Road, Trentham, 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.

6 and 6A Atherstone Road is a fully let investment situated within a thriving parade of shops in the popular district of Trentham. The ground floor is let to Suitcase Dry Cleaners (Trentham) Ltd on a renewed 5 year lease at £7,500 pa from 31st October 2023 whilst the self contained flat is let on a rolling Assured Shorthold Tenancy at £4,500 pa. Total income: £12,000 per annum with potential to improve.

Description

A two storey property of brick construction under a pitched tiled roof. The ground floor features a display window and door to the front leading into the main sales area, a preparation area and WC is at the rear with access onto the shared car park.

The first floor flat is self contained, having access from the rear. A door leads to a hallway and staircase which in turn, meets the landing. Off this are two bedrooms, a living room with Balcony, Kitchen and Bathroom.

To the rear of the property is a garage which is used by the ground floor Tenant.

Location

The property is located on Atherstone Road in Trentham, Stoke-on-Trent, Sat Nav users should use post code ST4 8JY.

Accommodation

Ground floor
Sales 665 Sq ft (61.78 Sq m)

WC

Services

Mains Electric, Water, Gas and Drainage are all connected to the property. Our client advises that the commercial and residential elements have their own supplies/meters.

Rating

Ground floor
The voa website advises the rateable value for 2023/24 is £6,200. 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.

Flat: Council Tax band A

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.

Tenure

Freehold subject to existing tenancies in place.

Ground Floor: New 5 year lease from the 31st October 2023 at £7,500 pa
First Floor: Rolling Assured Shorthold Tenancy at £4,500 pa

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.

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.