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51-53 Piccadilly, Hanley, Stoke-On-Trent ST1 1HR

Lot no: 34 Re-entry to a future auction
 

Guide Price £125,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 28th September 2023

10.00am
Key Features
  • Freehold commercial property
  • 2,156sq ft
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Commercial Property

Property Description:

A three-storey building located in Hanley offered with vacant possession providing 2,156sq ft of accommodation.

The premises are arranged over ground, first and second floor with basement storage. The ground floor retail area has been stripped back to provide an industrial finish with a good-sized retail area. The upper floors provide a range of well-presented offices, stores, kitchen, and WCs.

The property benefits from, Display windows, Kitchen, WCs and stores, Exposed brick wall and concrete floor finish, upper floors wooden and carpet finishes, gas central heating, electric roller shutters and LED Lighting.

The property is located on the Piccadilly close to the junction with Pall Mall, with a range of surrounding occupiers including retail, professional offices, cafes and restaurants. Piccadilly is located within the Cultural Quarter with the new Smithfield development, The Mitchell Arts Centre, Potteries Museum and Art Gallery and the Regent Theatre all within close vicinity. There are a range of public car parks within close vicinity.
Hanley Bus Station is only 0.3 mile from the property and Stoke-on-Trent Railway Station is 1.3 miles.

Interested parties are advised to inspect the legal pack for more information.

Ground floor - 912sq.ft
First floor - 664sq.ft
Second floor - 580sq.ft
Net internal area - 2,156sq.ft
Basement - 937sq.ft
Note

Please be advised that, whilst our joint agent may have conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

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 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. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 Buyers 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 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.

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