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70 Stafford Street, Stoke-On-Trent, Staffordshire ST1 1LU

Lot no: 138 Withdrawn Post
 

Guide Price £88,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 24th November 2022

10.00am
Key Features
  • Commercial Property
  • City Centre Location
  • Ground Floor Shop
  • Planning Permission for flat above
  • EPC Rating: E
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Withdrawn Post

Commercial Property

Property Description:

DRAFT DETAILS

A commercial property with planning permission for a mixed use Hot Food Takeaway and first floor flat.

A freehold development opportunity comprising of a two storey commercial property which benefits from planning permission for-

Ground Floor Hot Food Takeaway (SUi Generis)
First Floor One bedroom Residential Flat (Class C3)

Planning permission was granted in November 2021. Ref 66138/FUL and also includes an external rear staircase and extractor flue.

Total internal floor area approx. 102 square metres/1,098 square feet.

We are informed that the vendor has already paid for Steel calculations and building regulations. The building materials in the premises are not included in the sale but are available by negotiation.

Situated in the town centre in a busy shopping area and next to the former Debenhams building. A great investment which would bring in an estimated rental income of £13,000 per annum, based on comparable evidence, once converted.

Current Layout comprises:
Ground Floor:

Main shop, rear store, former kitchen/W/C.

First Floor:

Four Rooms.

Once converted the layout will comprise:
Ground Floor:

Takeaway area, kitchen/counter, prep area, prep/store area and shower room.

First floor:

Landing, lounge, bedroom, lobby, kitchen and shower room.

Tenure:

Freehold. Vacant possession upon completion.



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 (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.


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 £1074 inc. VAT

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.

Guide Price & Reserve Price

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.