Retail property (high street) for sale
Property description & features
- Partially refurbished town centre retail/office premises with 2 income producing flats above
- Easy potential to create a 4th flat at first floor
- Ground floor NIA: 944 sq ft which could be split into two units
- Versatile owner-occupier and/or investment property
Full Description - A period double fronted retail/office premises with first
and second floor accommodation, part of which is used
for commercial purposes together with three flats. The
ground floor was formerly arranged as two self contained shops and retains two entrance doors to either
side of the sales area, although has more recently been
merged into one unit, subdivided into smaller rooms by
means of stud partitioning. The three flats are accessed from
the rear and side and are all self-contained and separately
metered. Part of the first floor has been used for commercial
purposes and is accessed via an internal staircase from the
sales area however, this area could very easily be separated
from the ground floor, independently accessed via the rear
and would provide another one-bedroom flat. Property is
available through SDL Auctions via the link below
Please note all offers must be passed to SDL in the first
instance and all interested parties will be bound by the
auction terms as per the terms of business signed by the
seller.
Location - An end of terrace property in the town centre having an extensive frontage to the High Street at its junction with Croft Road. There are a number of both national and local retailers within close proximately to include Lloyds Bank and Bargain Booze Plus and public car parking is within 100 yards.
Services - All mains' services are available and each flat is separately metered. No services have been tested by the agents.
Terms - Available freehold and with the benefit of the residential tenancies in place and with vacant possession of the commercial parts.
Rates - BUSINESS RATES/COUNCIL TAX
4-6 High Street
Rateable Value: £10,000
Rates Payable: £4,990 pa (21/22)
Note: if you qualify for Small Business Rates Relief you should be entitled to a 100% rate exemption.
Council Tax
Flats 1, 3 and 4 each have a 'Band A' Council Tax assessment. Individual tenants are responsible for paying their own council tax.
Other - Flat 1: Let on Shorthold Tenancy Agreement from
September 2023 @ £500 pcm
Flat 2: VACANT
Flat 3: Advertised currently @ £395 pcm
Flat 4: Let on a Shorthold Tenancy Agreement from 2nd July
2014 @ £310 pcm
EPCs
4-6 High Street: 101 (Band E)
Flat 1: Band E
Flat 3: Band D
Flat 4: Band E
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.
Property information from this agent
Places of interest
Rory Mack Associates - Holly House
Holly House | 37 Marsh Parade Newcastle Under Lyme Staffordshire ST5 1BT
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area
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