High Street, Stoke-On-Trent, ST6
£260,000 Freehold
(Sold Subject To Contract)
Key Features:
- Pre Tenanted Commercial Investment
- Currently Producing £24,540 per annum
- Retail Shop and Three Flats
- High Street Location
- EPCs All Band C Ratings 68, 72, 73 ,76
- Flats Council Tax A
Summary:
Prominently positioned mixed-use investment property. This High Street premises consists of a ground floor retail unit. Currently used as a barbershop and three flats at the rear and above. The current rental income is £2045 per calendar month and the property is fully let. Ground floor level to the front edge. We have a barber shop currently rented for £650 per calendar month on an IRI basis. At the rear of the property is a two bedroom self-contained apartment currently rented for £595 a month. Accessed from the rear and above the property are two flats, currently rented and a company basis for £800 per calendar month.
Full Details:
Description
Fully let mixed use commercial Investment comprising a retail unit and three flats. The property has recently undergone modernisation and conversion into three flats . The redevelopment to building regulations has meant the units are band C energy efficient.
Location
The subject property is located on Tunstall High street. Nearby occupiers include Matalan, Argos and Home Bargains. Tunstall is one of the five Towns which make up Stoke on Trent and the subject property is within easy reach on the A50 & A500 trunk roads.
Income Details
The ground floor retail unit has been let on an IRI lease from 2022-2027 at an annual rental of £7800 per annum. The upper floor flats 109a & b have been leased on a commercial tenancy for £400 per flat from the 24th October 2022 for a 24 month contract till 23 October 2024. The ground floor rear flat has been let on an AST from the 23 October 2023 for a six month fixed term at a passing rental of £595 pcm. All rentals are exclusive of bills.
Retail Premises
Shop
Approximately 108 sqm. Comprising open plan barbers shop with rear store, kitchenette and WC. Fitted out by the current tenant to high spec.
Rateable Value
The April 2023 assessment states an RV of £6,400 per annum.
Commercial EPC
Band C . Rating 68
109 A First Floor Flat
Description
A two bedroom self-contained flat, comprising hallway, kitchen, living room, bedroom, bathroom and a further bedroom. Benefits from Gas central heating, double glazing, modern kitchen and bathroom.
Hallway
With carpeted floor, radiator.
Kitchen 5' 10'' x 10' 7'' (1.77m x 3.23m)
Fitted kitchen with cream wall base units, granite effect surfaces over. Part tiled walls and vinyl floor. Includes integrated cooker, hob and extractor hood, Power Point, Washer point.
Bedroom 1 10' 6'' x 10' 7'' (3.21m x 3.22m)
With carpeted floor, radiator, Power Point, built in wardrobe.
Bathroom 7' 7'' x 2' 10'' (2.30m x .87m)
Modern fitted bathroom suite in white with WC, pedestal basin, basin set in vanity unit, enclosed shower cubicle with electric shower. Part tiled walls and tiled floor. Includes heated towel radiator, extractor fan.
Living Room 15' 3'' x 11' 11'' (4.66m x 3.63m)
With carpeted floor, radiator, Power Point
Bedroom 2 14' 8'' x 8' 11'' (4.46m x 2.73m) Maximum Measurement to recess
With carpeted floor, radiator, Power Point.
109B Second floor Flat
Description
A one bedroom self-contained flat, comprising hallway, living room, bedroom, kitchen and bathroom. Benefits from Gas central heating and double glazing.
Living Room 10' 6'' x 11' 5'' (3.19m x 3.48m)
With carpeted floor, radiator, Power Point.
Kitchen 10' 2'' x 8' 0'' (3.09m x 2.43m)
Fitted kitchen with white base units, granite effect surfaces over. Part tiled walls and tile effect floor. Includes integrated cooker, hob and extractor hood, Power and Washer points.
Bathroom 7' 9'' x 9' 3'' (2.37m x 2.81m)
Modern fitted bathroom suite in white with WC, pedestal basin, panel bath with mixer shower and screen over. Part tiled walls and tile effect floor. Includes heated towel radiator, extractor fan.
Bedroom 8' 10'' x 11' 9'' (2.69m x 3.57m)
With carpeted floor, radiator, Power Point
109C Ground Floor Rear Flat
Description
A two bedroomed apartment and has recently been completely modernised. Benefiting from central heating, double glazing modern kitchen and bathroom. Accommodation comprises kitchen, living room, bedroom and bathroom at ground floor level with a further bedroom to the first floor.
Living Room/ Kitchen 18' 3'' x 12' 7'' (5.55m x 3.83m)
Modified in kitchen with grey wall and base units. Granite effect, surfaces over. Part tiled walls and vinyl floor. Includes integrated cooker oven and hob. Part carpeted floor. Includes radiator and power points.
Bathroom 6' 4'' x 6' 4'' (1.93m x 1.92m)
Fitted bathroom suite in white with WC and basin set in vanity unit ,enclosed shower cubicle with combination shower. Part tiled walls and vinyl floor. Includes radiator and extractor fan.
Bedroom 1 10' 8'' x 12' 11'' (3.24m x 3.93m)
With carpeted floor, radiator, Power Point.
First Floor
Bedroom 2 13' 11'' x 10' 2'' (4.25m x 3.11m)
With carpeted floor, radiator, Power Point.
Tenure
Freehold premises sod with the benefit of leaseholds.
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.
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