Property Description

A prominently located two storey mixed use investment opportunity. The whole building is let by way of an FRI Lease to A Fistful of Vapes Limited at £10,200 per annum on an FRI lease from 12th June 2024 for 5 years. Please see legal pack for more information. There is also additional income received via a lease agreement for an advertising board on the side of the property. This generates £62.48 per annum. The accommodation comprises a ground floor sales area that extends to 360 sq.ft to the rear of which is a walkthrough store providing a further 81 sq.ft leading to a lobby area adjacent to the back door, beyond which is the ground floor bathroom. On the first floor and having separate access is a gas centrally heated one bedroomed flat comprising a lounge, kitchen, bedroom and shower room. Internally the retail unit benefits from a plastered ceiling with double glazed uPVC frontage and door. LOCATION: The property is located on Leek Road on the edge of Hanley and surrounded by similar sized retail units including an oatcake shop, barbers and Morrisons Daily. The property is located less than a mile from The University of Stafford and 1 mile from the A500 with easy access to the M6 at junction 15. SERVICES: We understand that mains water, drainage, gas and electricity are connected. No services have been tested by the agents. VAT: The purchase price is not subject to VAT. BUSINESS RATES: Rateable Value: £3,900

Ground Floor:

Sales Area - 360 sq.ft. Store - 81 sq.ft. WC - 44 sq.ft. TOTAL - 485 sq.ft

First Floor:

Lounge - 177 sq.ft. Kitchen - 41 sq.ft. Bedroom - 129 sq.ft. Shower Room - 30 sq.ft. TOTAL - 377 sq.ft

TOTAL NIA:

862 sq.ft

Note

Please be advised that whilst our joint agent has 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.

Tenure

Freehold

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