Mixed Use
The building comprises a three storey Victorian built terraced property with a pitched roof and brick construction.
The ground floor is configured as a hair dressing salon which has been fitted out to a high standard including sinks, chairs, counter, and separate electrical connections. There is a wc and kitchen facilities to the rear of the unit along with a separate waiting area at the front.
The ground floor accommodation extends to approximately 280 sq.ft and also benefits from separate electric connection, uPVC frontage and electric roller shutters. The commercial unit is also separated from the first and second floor residential accommodation via an internal metal roller shutter.
The residential accommodation is accessed from Newcastle Street but is separate to the retail space allowing for separate tenants and has been completely refurbished to a high standard including uPVC windows, loft insulation (not inspected) and alarm.
The first floor comprises shower and wc, kitchen and lounge extending to a combined 285 sq.ft approximately.
The second floor is configured with two separate bedrooms extending to a combined 226 sq.ft approximately.
We have been advised there is a cellar which was not inspected.
The rear of the property is accessed via a service road and provides dedicated gated parking for approximately four vehicles. We feel this space could be used for future development of perhaps a two-bedroomed apartment subject to obtaining appropriate planning consent.
The property is located along Newcastle Street in Burslem, Stoke on Trent within a terrace of similar mixed use properties within walking distance to the town centre and public transport. The immediate area is undergoing a substantial regeneration scheme with a large housing estate immediately behind the premises in the early stages of development. There are also several other schemes at various stages putting the property in a prominent location for future passing trade.
We understand that VAT will not be chargeable on the sale.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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