Commercial Property
False
The property is situated within the heart of Stoke city centre near to the historic Kings Hall, Civic Centre, Stokeminster Church, Barclays Bank, Sainsburys and the popular market area. The nearby 18th Century Spode Pottery Site is in the process of considerable investment and redevelopment, and the property is considered to be in an area that is improving as a trading location.
The property comprises a prominent corner three storey building which was originally built as a bank premises. The ground floor has been extensively refurbished to provide a modern bar/restaurant facility with fitted commercial kitchen, prep room, office, disabled, gents and ladies WC's. There is a useful basement which provides male and female staff WC's, barrel and bottle storage and modern chiller cooler systems together with ancillary storage. On the first and part second floor are professional offices whilst on the second floor there is a spacious flat comprising hall, two bedrooms, bathroom, living room, kitchen and having night storage heaters. The flat would be considered suitable as Managers/Owners accommodation in connection with the Bar/Restaurant below.
The property is fitted with CCTV, Burglar and fire alarms.
A Freehold Town Centre Bar/Restaurant with Office Investment and Flat above. Suitable for Owner Occupation or as an opportunity to substantially increase rental income
We understand that the property is Freehold. The Bar/Restaurant and Flat will be available with vacant possession upon completion.
The first floor and part of the second floor are let by way of 5 year Lease with effect from the 29th September 2011 at a current rental of £9,000 per annum. We are advised that the current tenants have been in occupation for approximately 27 years.
A copy of the Lease will be available within the legal pack.
We understand that VAT will not be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
