Commercial Property
False
The property occupies a prominent position within the heart of Stafford town centre, fronting the south side of Salter Street, between its junctions with Bank Passage and Market Street and located close the North Walls public car park.
The property is considered to occupy an excellent position for its existing use or a variety of other commercial uses.
Value Added Tax
Viewings & Further Details
We understand that VAT will not chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
The property comprises a well presented, attractive building of great character within a prominent town centre location.
On the ground floor is a well established and popular café bar whilst on the first floor, and having a separate entrance is a comprehensively refurbished suite with many original architectural features which is considered suitable as professional offices, a variety of commercial uses or residential use subject to any appropriate planning permission. The accommodation comprises four rooms, refreshment point and male and female WC's.
An Attractive Freehold Two Storey Town Centre Part Investment, Part Vacant Property with the potential to enhance rental income
Rent Passing: £23,000 pa
Estimated Full Rental Value: £31,400 pa
We understand that the property is Freehold and will be available as a part investment, part vacant possession opportunity.
Ground Floor
The ground floor is let by way of a 10 year Lease with effect from the 17th February 2014 expiring on the 16th February 2024 to Bean Encounter Limited with a Guarantor. The current rent is £23,000 per annum and there is provision for a rent review at the end 3rd and 6th Anniversary of the date of the Lease.
First Floor
The first floor will be available with vacant possession upon completion. It is considered suitable for owner occupation or provides the opportunity to increase rental income from either professional, commercial or residential use subject to planning and is considered to have an estimated rental value of approximately £8,400 per annum.
A copy of the Lease will be available for inspection within the legal pack.
