Chapel Street, Stoke-On-Trent, ST10
£145,000 Freehold
(Sold Subject To Contract)
Key Features:
- Mixed Use Commercial Property with Flat Over
- Motor Spares & 3 Bed Flat
- Passing Rental £5,304 P.A
- Prominent Location
- CEPC Band E Rating 115
- EPC Band E, Rating 47
Summary:
A mixed-use commercial premises for sale as a pre-let investment. The premises consists of a motor parts retailer, and a three bedroom flat, which is in need of some modernisation. The motor parts retailer currently generates an income of £5,304 pa., and the flat, when updated, has a with a potential rental of £6,000 pa, making an overall potential rental figure of £12,500 pa.
Full Details:
Location / Situation
The property is located on Chapel Street, close to Cheadle High Street, which is predominantly retail outlets with residential housing in close proximity. Cheadle is a small to medium sized market town which benefits from its own High Street, with retail outlets, banks and a supermarket. Cheadle has a residential population of some 12,000 people. Access to the motorway network is via junctions 15 and 16 of the M6.
Ground Floor
Retail area 3.79m 7.7m + 2.88 x 4.02
With single glazed window, strip lighting, power points, telephone point, and carpeted flooring.
Office 3.66m max x 2.33m
With single glazed window, heater, power points and carpeted flooring.
Entrance Hallway to Flat 5.19m x 1.85m
With single glazed window and radiator.
First Floor
Reception Room 1 4.62m x 3.67m
With single glazed window, radiator, and power points.
Reception Room 2 4.02m x 5.8m
With single glazed window, radiator, power points, aerial point and telephone point.
Kitchen 5.19m x 1.85m
White base units with brown worktops over, stainless steel sink and drainer unit, single glazed window, radiator, power points, cooker point, washer point, and vinyl flooring.
Second Floor
Bedroom 1 4.59m x 3.18m max
With single glazed window, radiator and power points.
Bedroom 2 3.94m x 3.12m
With single glazed window, radiator and power points.
Bedroom 3 3.07m max x 4.52m max
With single glazed window and power points.
Bathroom 3m x 3.07m
Green bathroom suite comprising W.C, washbasin and bath. Also with single glazed window and part-tiled walls.
Outside
Enclosed rear yard with outbuildings and outside W.Cs belonging to the retail unit.
Outside WCs
With low-level W.Cs and wall-mounted washbasins.
Rateable Value and Council Tax Banding
Through sight of the Valuation Office website, we can confirm the following: The 2017 Rating List Assessment is £6,000. The Council Tax Banding for the Flat is A The purchaser is advised to make their own enquiries with the Local Billing Authority.
Tenure
We are advised that there is a rent payable on the retail unit of £442 per calendar month, or £5,304 per annum. There is no lease in place and the occupation is on an informal tenancy at will. The flat is currently vacant.
Energy Performance Certificate
Click here to view the Energy Efficiency Rating and Environmental Impact Rating for this property.
Viewing & Disclaimer:
Please contact us on 01782 847083 / 01538 753177 if you wish to arrange a viewing appointment for this property, or require further information.
Keates - STK1 endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.
