Office
A freehold five storey building comprising a former nightclub to the ground floor along with office space above. Offered with vacant possession upon completion and extending to 24,133 sq. ft. or thereabouts.
The property comprises a five storey end terraced building of concrete frame construction, clad in concrete blockwork cladding under a flat roof. The property has return frontage on Gitana Street and comprises a ground floor bar/nightclub and provides office accommodation over the upper floors. The ground floor has granite blockwork elevations with an aluminium framed glazed window frontage. The upper floor windows are timber framed single glazed units. Externally, the property is street lined to the front elevation. There is a small tarmacadam surfaced loading yard which is accessed from Kiqi Street.
The property is configured with ground floor former nightclub. There are two internal stair cases leading to upper stores which are former office space. We noted that some works to convert the top floor into residential accommodation has taken place which includes wiring, partition walls along with some bathrooms fixtures and fittings. We have not had site of any planning permission or building control sign off for this work and cannot verify its standard or if it is up to code. Interested parties are advised to inspect the legal pack prior to bidding.
The property is situated on the corner of Trinity Street and Gitana Street within Hanley town centre. This is the towns primary retail and leisure area with neighbouring properties comprising of similar high street retail properties interspersed with various bars, restaurants and some office properties. The prime retail and leisure centre is located approximately 100 metres to the east along Trinity Street. Hanley is one of the six towns that makes up the amalgamation to form the city of Stoke on Trent.
Please be advised that there are no viewings available for this property due to the internal condition. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
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 under an Unconditional sale type.
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 3.6% of the purchase price (subject to a minimum of £6,000 inc. VAT).
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.
