Retail Property (High Street)
A two-storey commercial unit located along the Tontine Street, Hanley Stoke On Trent, last occupied by William Hill Bookmakers and offered with vacant possession. The property is located within the main shopping area of Hanley and within the vicinity are several National and local retailers along with numerous car parks and bus connections and substantial passing trade. Several buildings have also been converted to mixed use or fully residential over the years within the area and there may be potential to convert this property subject to applying and obtaining full planning consent.
Hanley is one of the six towns that, along with Burslem, Longton, Fenton, Tunstall and Stoke-upon-Trent, amalgamated to form the City of Stoke-on-Trent in Staffordshire, England.
Hanley is the de facto city centre, having long been the commercial hub of Stoke-on-Trent. It is home to the Potteries Shopping Centre and many high street chain stores.
The Ground Floor accommodation extends 893 square foot. The First Floor accommodation extends 721 square foot. Total 1614 square foot.
We understand that the rateable value of the premises is £17,000 per annum. Interested parties are advised to check as they may be able to claim full small business relief along with other grants.
All mains utility services are understood to be available. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
