£6,300 pa
(£12.02/sq. ft. pa)
Retail premises to let54 Marsh Street South, Hanley, Stoke On Trent ST1
524 sq. ft
Just added
About this property
Two storey building with ground floor commercial lease and first floor AST
New 5 year lease signed April 2025 with Tax Aiders at £6,240pa
One bedroom flat above on 6 month AST paying £4,940pa
Total NIA: 873 sq ft
Estimated Rates Payable: £3153.6
Description
A mid-terraced building of brick elevations with pitched
tiled roof coverings offered to the market as an income
producing investment with separate tenants on the
ground and first floor. Tax Aiders is an established tax
consultancy who have recently signed a new Internal
Repairing and Insuring 5 year lease. The first floor flat is
occupied on a 6 month rolling AST and the current tenant has
been in occupation since May 2024 . The ground floor offers
524 sq ft of usable space plus WC and is in good clean condition.
On the first floor and with its own separate entrance is a one
bedroom/studio flat with bedroom, integral lounge, kitchen
and bathroom. The property is being sold with the tenants in
situ and is not available with vacant possession. At the asking
price and with the current rental income, the investment
presents potential buyers with a gross yield of just over 11%
with future asset management opportunities with residential
rent growing.
Location
The property is located on Marsh Street South just off Trinity
Street and within a 2 minute walk of the centre of Hanley.
Hanley can be accessed via the A500 and A50 and is 5 miles
from junction 15 of the M6 motorway.
Services
Mains water, drainage and electricity are connected. Heating is
provided by a electric wall heaters throughout. No services
have been tested by the agents.
VAT
The sale price is not subject to VAT.
Tenure
Available freehold, subject to contract and with the benefit of
the existing iri and AST leases.
Business Rates
Rateable Value: £5,000
The tenant is responsible for payment of any business rate
liability where applicable.
Council Tax
54 Marsh Street South, Hanley, ST1 1JD – Band A
Tenancy Details
The ground floor is let to a private individual, T/A Tax Aiders at
£6,240pa on an iri lease from 1st April 2025 for 5 years. Copy of
the lease available upon request.
The first floor is let to a private individual at £4,940pa on a
rolling 6 month AST from 4th May 2024. Copy of the AST with
private information removed is available upon request.
Accomadation
Ground Floor
Retail zone A: 250 sq ft
Retail zone B: 226 sq ft
Retail zone C: 48 sq ft
WC --
NIA: 524 sq ft
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two
forms of identification will be required (e.g. Photographic
driving license, passport, utility bill) from the applicant and a
credit check may also be required, the cost of which will be the
responsibility of the applicant. Where appropriate we will also
need to see proof of funds.
EPC
Band G (exempt)
A mid-terraced building of brick elevations with pitched
tiled roof coverings offered to the market as an income
producing investment with separate tenants on the
ground and first floor. Tax Aiders is an established tax
consultancy who have recently signed a new Internal
Repairing and Insuring 5 year lease. The first floor flat is
occupied on a 6 month rolling AST and the current tenant has
been in occupation since May 2024 . The ground floor offers
524 sq ft of usable space plus WC and is in good clean condition.
On the first floor and with its own separate entrance is a one
bedroom/studio flat with bedroom, integral lounge, kitchen
and bathroom. The property is being sold with the tenants in
situ and is not available with vacant possession. At the asking
price and with the current rental income, the investment
presents potential buyers with a gross yield of just over 11%
with future asset management opportunities with residential
rent growing.
Location
The property is located on Marsh Street South just off Trinity
Street and within a 2 minute walk of the centre of Hanley.
Hanley can be accessed via the A500 and A50 and is 5 miles
from junction 15 of the M6 motorway.
Services
Mains water, drainage and electricity are connected. Heating is
provided by a electric wall heaters throughout. No services
have been tested by the agents.
VAT
The sale price is not subject to VAT.
Tenure
Available freehold, subject to contract and with the benefit of
the existing iri and AST leases.
Business Rates
Rateable Value: £5,000
The tenant is responsible for payment of any business rate
liability where applicable.
Council Tax
54 Marsh Street South, Hanley, ST1 1JD – Band A
Tenancy Details
The ground floor is let to a private individual, T/A Tax Aiders at
£6,240pa on an iri lease from 1st April 2025 for 5 years. Copy of
the lease available upon request.
The first floor is let to a private individual at £4,940pa on a
rolling 6 month AST from 4th May 2024. Copy of the AST with
private information removed is available upon request.
Accomadation
Ground Floor
Retail zone A: 250 sq ft
Retail zone B: 226 sq ft
Retail zone C: 48 sq ft
WC --
NIA: 524 sq ft
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two
forms of identification will be required (e.g. Photographic
driving license, passport, utility bill) from the applicant and a
credit check may also be required, the cost of which will be the
responsibility of the applicant. Where appropriate we will also
need to see proof of funds.
EPC
Band G (exempt)
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