Commercial Property in Stoke on Trent
32-38 (Even) & 36A & 38A Piccadilly & 25 Brunswick St, Hanley, Stoke on Trent, ST1 1EG
- Property Type: Commercial Property
- Contract Type: Unconditional with Variable Fee
Guide Price* £385,000+ plus fees
The lot comprises four commercial units with a total of 13,376 sq.ft. NIA in a prime position which we feel could be utilised into a residential scheme in-keeping with various other schemes within the area, subject to obtaining planning consent or simply let with minimal spend.
Occupied by Coral Racing Ltd who occupy all floors, however don’t utilise the space above ground floor and may be open to renegotiation for allowing separate use of the upper floors for a future residential scheme. Ground Floor Trading Area extending to 2,146 sq.ft. Basement Area extending to 1,593 sq.ft. First Floor configured as offices and extending to 1,273 sq.ft. Second Floor configured as offices and extending to 2,093 sq.ft. Third Floor configured as offices and extending to 1,730 sq.ft.
Vacant lock up shops with roller shutters in a prime location comprising - Ground Floor extending to approx 554 sq.ft. Basement extending to approx 439 sq.ft. Lower Ground extending to 309 sq.ft.
Vacant ground floor lock up shop with roller shutter in a prime location extending to approx 1,810 sq.ft.
25 Brunswick Street
Vacant ground floor unit extending to approx 1,428 sq.ft.
The property is located in Hanley town centre on the north side of the pedestrianised Piccadilly, between its junctions with Brunswick and Pall Mall with national and local retailers within the immediate vicinity. National retailers include TSB Bank and HSBC. Stoke on Trent railway station is approximately a mile away with the M6 motorway close by. The area is in the late stages of a Circa 200 million regeneration scheme.
We understand that the property is subject to the following leases: 32/34 Let to Coral Racing Limited held on a 25 years from 26.07.2002 Rent review every 5th year FR& I basis with next Rent review in 2022 – current rent passing £30,500. 36/36A/38A - Vacant. 38 – Vacant. 25 Brunswick Street - Vacant.
We understand that is no VAT payable on the purchase price.
Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
- Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
Date 29th April 2021
Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
If you have any questions, call our team on 0345 222 0197