A prominent mixed use investment situated in Gnosall, a village 7 miles to the west of Stafford. Rental income of £28,200 pa from A Chinese Takeaway+Flat, Indian Takeaway & offices let to a Care Company. Car Park to the rear with 15 spaces.

Virtual Viewing available:

Description

A two storey property of brick construction under a pitched clay tile roof, comprising two ground floor retail units, trading as hot food takeaways, ground and first floor offices and a flat.

This prominent investment enjoys a rental income of £28,200 per annum from longstanding independent Tenants. To the rear of the property is a surfaced car parking with parking for up to 15 vehicles. A schedule of income and tenancies is provided under the paragraph 'Tenure'.

Location

The premises are located on Station Road (A518), close to the junction with Stafford Road, High Street and Brookhouse Road. The property is situated adjacent to Texaco Petrol filling station and opposite Mincher Lockett Optometrist.

Accommodation

Gnosall kitchen chinese takeaway
Retail Sales Area & Kitchen: 318 Sqft (29.5 Sqm)
First Floor Flat with access via external staircase.
Bengal spice indian takeaway

Waiting Area, Kitchen, Store: 428 Sqft (39.8 Sqm)
The care company

Ground/First Floor Sales, Offices:
1,224 Sq ft (113.7 Sq m)

Car Park to rear

* Measurements taken from Valuation Office Website

Planning

Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Services

All mains services are available subject to any reconnection which may be necessary.

Rating

The voa website advises the rateable value for 2018/19 is:

Gnosall Kitchen: Rv: £4,050
Flat above gk: Council Tax Band A
Bengal Spice: Rv: £3,600
The Care Company: £9,200

The standard non-domestic business rates multiplier is 49.3p. The small business multiplier is 48.0p up to a rateable value of £51,000. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Tenure

Freehold, subject to the Tenancies noted below:

Gnosall Kitchen: 15 year lease from 31st January 2008 at £9,000pa (Includes flat above)
Bengal Spice: Lease from 25th March 2014 to 24 March 2021. Rent £7,200pa
The Care Company: Lease from June 2013, Deed of variation for ground and first floor from September 2016 to end of contractual term 31st May 2018. There is a verbal agreement in place to extend this by a further 3 years. Rent £12,000pa

Legal Costs

Each party is to be responsible for their own legal costs incurred in connection with the sale / purchase of the property.

Proof Of Identity

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Viewing

Initially, we request that interested parties view our virtual viewing which is available on our Youtube Channel.

Direct link:

'In person' viewings available following acceptance of an offer (subject to viewing and contract)

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ . Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.

Vat

VAT is not applicable to this property.

Important notice
As the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do not comment on the condition of the property or other issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain the possession of bjb.