Commercial property for sale in Etruria Road, Basford, Stoke-On-Trent ST4

Prominent Investment comprising roadside shop premises and self contained flat above with parking to the rear. Let by way of a new 7 year lease from the 30th June 2022 at £8,950 per annum with potential to increase the income over the coming years.

Description

Two storey property providing ground floor shop unit incorporating sales area and kitchen together with self contained first floor flat with bedroom, living area/kitchen, bathroom and attic room. The property is let on a new lease from 30th June 2022 at £8,950 per annum.

Location

The property is located on the corner of Etruria Road and Sackville Street in the Basford area of Stoke-on-Trent. On street parking is available outside the property and there is a yard to the rear suitable for one or two vehicles (May suit delivery vans).

Accommodation

Ground floor:
Sales: 365 Sq ft (33.91 Sq m)
Kitchen: 76 Sq ft (7.06 Sq m)
WC (Accessed from outside)

first floor:
Flat accessed via door to rear (outside)
Living Room/Kitchen: 221 Sq ft (20.33 Sq m)
Double Bedroom: 167 Sq ft (15.51 Sq m)
Bathroom: 55 Sq ft (25.55 Sq m)

Attic Room (steps leading up to room with limited height)
83 Sq ft (7.71 Sq m)

total NIA: 967 Sq ft (89.84 Sq m)

Services

All services are available, subject to any reconnection which may be necessary.

Heating is provided by Electric storage heaters. EPC Energy Rating D (89)

Planning

Bjb recommend that potential purchasers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Rating

**** zero rates eligible ****
The voa website advises the rateable value for 2023/24 is £3950. 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.

First Floor Flat: Council Tax band A.

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

Tenure - Freehold

Freehold, subject to a 7 year lease from the 30th June 2022 at a rent of £8,950 per annum.
Please refer to the legal pack for a copy of the lease in respect of reviews and break options where applicable.

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.

Legal Pack

A legal pack is available and for those looking to proceed immediately; we can offer 20 or 60 working day completions. The buyer will pay £500 towards the legal costs/documents within the pack as this will enable them to proceed without additional searches and information requests. We would recommend you seek legal advice prior to purchase.

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.