Commercial Property in Stoke on Trent

26-28 Tontine Street, Hanley, Stoke on Trent, ST1 1NQ
  • Lot No: 127
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Variable Fee
Rory Mack Associates

Guide Price* £115,000+ plus fees

Result Sold Prior to Auction

Property Description

A double fronted commercial unit located along Tontine Street benefitting from a prime position and first floor accommodation thought suitable for future residential use (subject to obtaining planning).

Accommodation:

A mid terraced retail premises comprising a ground floor sales area with store/kitchen area to the rear together with further rooms at first floor to include two offices, stores and WC. The ground floor sales area has the benefit of suspended ceilings, recessed lighting and air conditioning and would suit a wide range of retail, beauty or office associated businesses or conversion into residential subject to obtaining appropriate planning consent. The accommodation comprises:


Ground Floor:

Sales area extending to approximately 433 sq.ft. Store/kitchen extending to approximately 83 sq.ft.


First Floor:

Landing/storage extending to approximately 107 sq.ft. Office One/kitchen extending to approximately 59 sq.ft. Office Two extending to approximately 179 sq.ft. Storage extending to approximately 23 sq.ft. WC


Location

The property fronts Tontine Street with national retailers within the immediate vicinity such as Subway and Wetherspoons. The Potteries Shopping Centre is within 200 metres of the premises which benefits from a prominent position and plenty of foot fall. Hanley has undergone a massive regeneration programme to pedestrianize and bring a huge amount of development to the area within the past few years


VAT

We understand that VAT will not be chargeable on this transaction.


Viewing

Strictly by appointment with the auctioneers.


Occupation

Vacant.


Tenure

Freehold


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 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, 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.