Commercial Property
DESCRIPTION
A prominently located retail/office premises currently tenanted producing £10,000pa. The property briefly comprises an open plan ground floor sales area with a private office/storeroom together with an open plan office/sales area on the first floor.
Interested parties are advised to inspect the legal pack for more information regarding the lease.
LOCATION
The property is located in the heart of Burslem town centre close to the junction between Marketplace and Swan Square. There are a range of retail and leisure operators within proximity along with the former Town Hall, now occupied by Haywood Sixth Form Academy.
ACCOMMODATION
Ground Floor:
Sales area: 734 sq. ft.
Kitchen: 37 sq. ft.
WC
First Floor:
Sales/Office: 715 sq. ft.
Total NIA: 1,486 sq. ft.
Cellar Storage: 291 sq. ft.
SERVICES
All mains’ services are connected. Gas fired central heating throughout. Please note that no services have been tested by the agents.
PLANNING
Formerly used as an office, the premises has an ‘E’ Use Class Order. As such the property has consent for the following uses:
• Retail
• Restaurants / Cafes
• Clinic / Health Centre
VAT
Vat Not Applicable
BUSINESS RATES
Rateable Value: £7,200
EPC
Band D – Asset Rating 79.
TENURE
Freehold
Additional information:
Local Authority: City Of Stoke-on-trent
Building Construction: Standard brick under tiled roof construction.
Conservation Area: This property is situated in Burslem Town Centre conservation area.
Planning Permission: 59883/AD | (21/06/2016) Retention of two fascia signs - approved
Broadband Check: Standard, Superfast and Ultrafast are available in this location.
Broadband Availability: EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Satellite and Cable TV Availability: Sky and BT are available in this location.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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.
