Warehouse in Stoke-On-Trent
Unit 5, Victoria Road, Stoke-On-Trent ST4 2HS
- Lot No: 73
- Property Type: Warehouse
- Contract Type: Unconditional with Variable Fee
Guide Price* £230,000+ plus fees
Property Description
The lot comprises a two-story trade counter / warehouse investment opportunity having excellent frontage onto Victoria Road. The property benefits from a roller shutter, separate customer access, UPVC double glazing, allocated parking to the front of the property along with additional parking in close proximity. Location: The property is prominently located adjacent the busy Victoria Road which connects Hanley City Centre through to Fenton and the A50 dual carriageway. The A50 links Nottingham and Leicester to the east and the M6 Motorway to the north at Junctions 15 and 16. Tenancy: Tenant: Furniture World Italia Limited (Company No. 10809243) plus personal guarantee. Term: 5 years from 1st July 21. Tenant break: 3rd year anniversary, 6 months’ notice. Rent: Yr 1 £23,160 then £25,000 pa thereafter, payable quarterly in advance. Full Repairing and Insurance lease to keep in good repair and condition. The tenant has an option to purchase, interested parties should review the legal pack for further information. Accommodation: Ground Floor: 603.45 Sq.M (6,500 Sq.Ft) First floor: 113.36 Sq.M (1,220 Sq.Ft) Gross Internal Area: 716.81 Sq.M (7,720 Sq.Ft) VAT: The property is opted to tax and is applicable. The sale may be treated as a transfer of going concern and interested parties should seek further legal advice. Business Rates: The 2023 VOA listing states the ratable value is £19,750. EPC: Rating E-104, expires 29 March 2030. Interested parties are advised to inspect the legal pack for more information.
Note
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
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 28th September 2023
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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