2 bedroom Mixed Use in Stoke-On-Trent
7 Liverpool Road, Stoke-On-Trent, Staffordshire ST4 1AR
- Property Type: Mixed Use
- Contract Type: Unconditional with Variable Fee
Guide Price* £160,000+ plus fees
Property Description
A prominently located mid terrace investment property briefly comprising a self-contained ground floor shop and two separately accessed self-contained one-bedroom apartments. Current income £19,740pa with scope to increase in line with current market values. The property was extensively refurbished and converted approximately 15 years ago and has proved popular with both commercial and residential tenants ever since, due to the presentation of the internal accommodation. Both flats have fitted kitchens and are accessed via a communal front door off Liverpool Road. The first floor flat has the added benefit of a secluded roof terrace which provides private external amenity space. The property is offered on a fully let basis with tenants having recently entered into new agreements and is fully compliant with all current legislation and benefits from above average EPC assessments. Tenancy Details: The ground floor shop is let to an individual (with guarantor) by way of an internal repairing and insuring commercial lease for a term of five years commencing 17th November 2023. During the lease there are incremental annual rent rises as follows: Year 1: £6,540 pa Year 2: £7,020 pa Year 3: £7,500 pa Year 4: £7,980 pa Year 5: £8,460 pa The first floor flat is let by way of a Shorthold Tenancy Agreement for a 12 month period from the 26th January 2024 at a rent of £525 pcm. The second floor flat is let by way of a Shorthold Tenancy Agreement for a 12 month period from the 23rd January 2024 at a rent of £475 pcm. Location: The property is prominently located on Liverpool Road and forms part of an established terrace of similar mixed-use properties forming part of the town centre of Stoke and is close to a number of public car parks. Services: All main services are connected to the building and each individual part is separately metered. The flats benefit from gas fired central heating and there is also an intercom entry system installed. There is a gas supply to the shop however this is capped, and heating is by means of electric wall mounted heaters. No services have been tested by the agents. VAT The sale price is not subject to VAT.
Sales Area:
723 sq. ft.
Kitchen:
109 sq. ft.
Basement Storage:
456 sq. ft.
Living room/Kitchen:
21ft 6 x 10ft 9
Bathroom:
6ft 9 x 10ft 0
Bedroom:
9ft 0 x 18ft 6
Roof Terrace:
24ft 0 x 18ft 6
Living room:
10ft 3x 14ft 3
Kitchen:
14ft 3 x 6ft 3
Bedroom:
12ft 6 x 10ft 0
Bathroom:
10ft 0 x 6ft 0
Conservation Area:
Stoke Town Centre
Flood Risk:
Rivers and Seas No Risk. Surface Water Medium.
Mobile Phone Coverage
O2, EE, Three and Vodafone are available.
Broadband (estimated speeds)
Standard 16 mbps. Superfast 80 mbps.
Satellite and Cable TV Availability
BT, Sky and Virgin are available.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 21st November 2024
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
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