High Lane, Stoke-On-Trent
Auction Guide Price £85,000 (Tenant Fees)
- Large End of Terrace Shop & Flat
- Ideal for Investment & In need of updating
- Potential Rental Income renovated £15,900 pa
- Subject to Reserve Price, Buyers fees apply
- Shop Approx 34.30 SQM, 370 SQFT
- For Sale by Modern Auction – T & C’s apply
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- Large End of Terrace Shop & Flat
- Ideal for Investment & In need of updating
- Potential Rental Income renovated £15,900 pa
- Subject to Reserve Price, Buyers fees apply
- Shop Approx 34.30 SQM, 370 SQFT
- For Sale by Modern Auction – T & C’s apply
For sale by Modern Method of Auction: Starting Bid Price £85,000 plus Reservation Fee. A mixed use end of terrace property comprising a shop, Flat and rear lock up. Situated on High Lane this large end of terrace shop and Flat would suit an investor. Accommodation comprises entrance hall with access to shop and Flat, open plan, shop/Office accommodation onto a rear kitchen and WC. The first floor is a self-contained one bedroom flat currently leased for a rental of £375 per month. Comprising landing, kitchen, bedroom, bathroom and living room. At the rear is a lock up store. The upper floor flat is currently let on a low rent and with renovation could achieve £525 per calendar a month. The ground floor shop could achieve a rental of £6000 per annum. his property is for sale by “Regional Auction name powered by iamsold Ltd” or “iamsold Ltd. Auction end date 19th September 2024 at 12pm.
SituationSituated on High Lane in Burslem with nearby occupiers, including co-op, High Lane Oatcakes, and Top-Notch Hair Salon.
Ground Floor
Entrance HallWith access to shop and flat.
Retail Area10' 0'' x 25' 7'' (3.06m x 7.79m)With tiled floor, part suspended ceiling, display window to front with a roller shutter and power points.
Kitchen11' 8'' x 8' 5'' (3.56m x 2.57m)With tiled floor, fitted base unit with sink in white, marble effect surface over. Includes power point, water heater, stillage cupboard, WC off.
WC4' 3'' x 2' 9'' (1.30m x .84m)With tile floor, WC in white.
First Floor Flat
LandingWith carpeted floor, stairs off.
Living Room12' 9'' x 13' 10'' (3.89m x 4.21m)With carpeted floor, Power Point, gas heater.
Bedroom8' 10'' x 13' 4'' (2.70m x 4.07m)With carpeted floor, Power Point.
Kitchen7' 5'' x 8' 8'' (2.27m x 2.63m)Fitted kitchen with wood effect wall and base units marble effect surfaces over. Part tiled walls and carpeted floor. Include Washer point and cooker point.
Bathroom5' 3'' x 8' 7'' (1.60m x 2.62m)Fitted bathroom suite in white with WC, basin, enclosed shower cubicle with electric shower.
OutsideAt the rear is a paved yard leading to a brick built store with side pedestrian access.
Lock Up Store13' 0'' x 15' 5'' (3.96m x 4.70m)With tiled floor, window to side, currently used for storage.
Tenure & TenancySold as a freehold with the benefit of an AST for the first floor at a rental of £375 pcm. Ground floor shop vacant.
Business RatesCurrent Ratable value as of April 2023 £3050 pa.
Planning & Use ClassCurrently under use class E. We recommend that all interested parties make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised.
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