Property photos
Just added
Freehold
Offers in region of
£145,000
(£721.39/sq. ft)
Retail premises for sale
79 Market Street, Stoke-On-Trent ST3From 201 - 1,366 sq. ft
Local area information
Property location
Nearby amenities
- Longton 0.2 miles
- St Gregory's Catholic Academy 0.3 miles
- Gladstone Primary Academy 0.5 miles
- Stoke-on-Trent 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 3 storey property comprising ground floor café with flat above
- Total NIA 1,366 sq ft
- Well presented and modernised throughout
- Main road frontage on the junction of Market Street and Uttoxeter Road
- EPC – Commercial: Band D (91) Residential: Band C (75)
- Estimated Rates Payable: £1671.65
Description
A recently refurbished building of brick elevations and pitched tiled roof on the junction of Market Street and Uttoxeter Road in Longton town centre. The property contains a separately accessed and self-contained two bed flat arranged over the first and second floor. Whilst on the
ground floor is a ladies clothing shop, one year into a three year lease. The shop is currently laid out as an open plan sales area with disabled access WC and till area with rear exit. The ground floor is finished with new LED lights and tiled floor with electric heating. The property has been maintained to a high standard by the current owner and reflects an investment with a 9.4% gross yield income.
Location
The property has main road frontage to Market Street and Uttoxeter Road and is located in Longton town centre and is within 1⁄4 of a mile to the A50, opposite Home Bargains and is close to a number of public car parks.
Terms
Tenure
The property is available freehold, subject to contract and with the benefit of the existing leases in place at date of completion.
Tenancy details
The ground floor shop is let to Soha Couture Limited by way of full repairing and insuring commercial lease for a term of three years commencing 26th January 2024. The rent will rise from £5,000pa to £5,500pa on the 26th January 2025.
The first and second floor flat is let by way of a Shorthold Tenancy Agreement for a 12 month period from 23rd May 2023 at a rent of £625pcm. Now holding over at an increased rent of £675pcm.
Overall income stands at £13,600pa.
Specifications
Services
Mains electricity, water and drainage are connected. The apartment also has gas central heating. No services have been tested by the agents. Services for the commercial and residential are separately metered.
VAT
This sale price is not subject to VAT.
Business rates/council tax
Shop - Rateable Value: £3,350
Flat - Council Tax: Band A
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. Photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
A recently refurbished building of brick elevations and pitched tiled roof on the junction of Market Street and Uttoxeter Road in Longton town centre. The property contains a separately accessed and self-contained two bed flat arranged over the first and second floor. Whilst on the
ground floor is a ladies clothing shop, one year into a three year lease. The shop is currently laid out as an open plan sales area with disabled access WC and till area with rear exit. The ground floor is finished with new LED lights and tiled floor with electric heating. The property has been maintained to a high standard by the current owner and reflects an investment with a 9.4% gross yield income.
Location
The property has main road frontage to Market Street and Uttoxeter Road and is located in Longton town centre and is within 1⁄4 of a mile to the A50, opposite Home Bargains and is close to a number of public car parks.
Terms
Tenure
The property is available freehold, subject to contract and with the benefit of the existing leases in place at date of completion.
Tenancy details
The ground floor shop is let to Soha Couture Limited by way of full repairing and insuring commercial lease for a term of three years commencing 26th January 2024. The rent will rise from £5,000pa to £5,500pa on the 26th January 2025.
The first and second floor flat is let by way of a Shorthold Tenancy Agreement for a 12 month period from 23rd May 2023 at a rent of £625pcm. Now holding over at an increased rent of £675pcm.
Overall income stands at £13,600pa.
Specifications
Services
Mains electricity, water and drainage are connected. The apartment also has gas central heating. No services have been tested by the agents. Services for the commercial and residential are separately metered.
VAT
This sale price is not subject to VAT.
Business rates/council tax
Shop - Rateable Value: £3,350
Flat - Council Tax: Band A
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. Photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
More information
Listed by
Rory Mack Associates
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