Piccadilly, Stoke-On-Trent, ST1
Guide Price £77,000 Freehold
(Sold Subject To Contract)
Key Features:
- Commercial Investment Property
- Let at £9600 pa on FRI Terms till December 2026
- Subject to Reserve Price, Buyers fees apply
- For Sale by Modern Auction – T & C’s apply
- Restaurant & Premises Approx 86 sqm
- Ask an adviser to book your viewing
Summary:
For sale by Modern Method of Auction: Starting Bid Price £77,000 plus Reservation Fees. Prominently located commercial investment property for sale with sitting tenants. The property is leased on a full repair and insuring basis at a calendar month rental of £800. Equating to £9600 per annum until December 2026. The property is currently used as a bar/restaurant located close to The Regent Theatre. Comprises open Plan bar and seating at ground floor level with customer WC's to the rear. At first floor level are kitchens, a food preparation area and a staff WC. This property is for sale by “Regional Auction name powered by iamsold Ltd” or “iamsold Ltd.Auction end 19th February 2023 at 11am.
Full Details:
Location
Situated on Piccadily in Hanley Town Centre the premises is located a couple of doors away from the Regent Theatre and close Proximity to the Smithfield Buildings.
Floor Area
Approximately 86 sqm. 926 sqft.
Premises
Ground floor: Bar/restaurant 3.19×13.45. With wooden floor, and serving hatch, built-in cupboard, large glass window to front, radiator, and Power Points. Customer WC is: 3.12×2.41. With tiled floors, plastercised walls, suspended ceiling with extractor fans and inbuilt spotlights. Male and female WC's with wash and basins and sinks. First floor Landing area. Kitchen: 3.48×5.90. With tile floor and tile walls. Power points, extraction system, gas points. Food preparation room:2. 76×2.10. Wood laminate floor, power, points, window to front. Staff WC: 1.59×.88. With wash hand basin and WC in white. Tiled floor.
Current Use
Licensed restaurant and premises. Use Class E.
Tenure/ Lease Details
Freehold Investment property sold with the benefit of an FRI lease granted 6th December 2021 for a term of 5 years at an annual rental of £9,600 per annum.
Business Rates
Current Rateable Value £8700 pa.
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.
