Commercial property for sale in Stone Road, Stafford ST16
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Mixed Use Investment
- Currently part let and producing £4,980 pa
- Self contained shop and flat
- Estimated total income £12,000 pa
- Prominent location
- Parking to front and rear
Property description
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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Butters John Bee - Commercial, ST1 on +44 1782 933454 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Butters John Bee - Commercial, and do not constitute property particulars. Please contact Butters John Bee - Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.