No longer on the market
This property is no longer on the market
MapRestaurant
Auction
Sold STC
Restaurant
Features and description
- Commercial Investment Property
- Let at £9600 pa on FRI Terms till December 2026
- Subject to Reserve Price, Buyers fees apply
- For Sale by Modern Auction - T & C's apply
- Restaurant & Premises Approx 86 sqm
- Ask an adviser to book your viewing
For sale by Modern Method of Auction: Starting Bid Price £77,000 plus Reservation Fees. Prominently located commercial investment property for sale with sitting tenants. The property is leased on a full repair and insuring basis at a calendar month rental of £800. Equating to £9600 per annum until December 2026. The property is currently used as a bar/restaurant located close to The Regent Theatre. Comprises open Plan bar and seating at ground floor level with customer WC's to the rear. At first floor level are kitchens, a food preparation area and a staff WC. This property is for sale by "Regional Auction name powered by iamsold Ltd" or "iamsold Ltd.Auction end 19th February 2023 at 11am.
Location
Situated on Piccadily in Hanley Town Centre the premises is located a couple of doors away from the Regent Theatre and close Proximity to the Smithfield Buildings.
Floor Area
Approximately 86 sqm. 926 sqft.
Premises
Ground floor:Bar/restaurant 3.19×13.45. With wooden floor, and serving hatch, built-in cupboard, large glass window to front, radiator, and Power Points.Customer WC is: 3.12×2.41. With tiled floors, plastercised walls, suspended ceiling with extractor fans and inbuilt spotlights. Male and female WC's with wash and basins and sinks.First floorLanding area.Kitchen: 3.48×5.90. With tile floor and tile walls. Power points, extraction system, gas points.Food preparation room:2. 76×2.10. Wood laminate floor, power, points, window to front.Staff WC: 1.59×.88. With wash hand basin and WC in white. Tiled floor.
Current Use
Licensed restaurant and premises. Use Class E.
Tenure/ Lease Details
Freehold Investment property sold with the benefit of an FRI lease granted 6th December 2021 for a term of 5 years at an annual rental of £9,600 per annum.
Business Rates
Current Rateable Value £8700 pa.
Council Tax Band: Exempt - COMMERCAIL
Tenure: Freehold
Location
Situated on Piccadily in Hanley Town Centre the premises is located a couple of doors away from the Regent Theatre and close Proximity to the Smithfield Buildings.
Floor Area
Approximately 86 sqm. 926 sqft.
Premises
Ground floor:Bar/restaurant 3.19×13.45. With wooden floor, and serving hatch, built-in cupboard, large glass window to front, radiator, and Power Points.Customer WC is: 3.12×2.41. With tiled floors, plastercised walls, suspended ceiling with extractor fans and inbuilt spotlights. Male and female WC's with wash and basins and sinks.First floorLanding area.Kitchen: 3.48×5.90. With tile floor and tile walls. Power points, extraction system, gas points.Food preparation room:2. 76×2.10. Wood laminate floor, power, points, window to front.Staff WC: 1.59×.88. With wash hand basin and WC in white. Tiled floor.
Current Use
Licensed restaurant and premises. Use Class E.
Tenure/ Lease Details
Freehold Investment property sold with the benefit of an FRI lease granted 6th December 2021 for a term of 5 years at an annual rental of £9,600 per annum.
Business Rates
Current Rateable Value £8700 pa.
Council Tax Band: Exempt - COMMERCAIL
Tenure: Freehold
Property information from this agent
About this agent
A family firm stretching back to the 1920s. With the purchase and integration of both Stanley Keates & Sons offices our business expanded to cover all of North Staffordshire. Now under the ownership of Andrew & Richard Johnson the is once again a family firm. The owners are both Chartered Surveyors and deal with Residential and Commercial property. The firm has now rebranded back to its roots and updated its image. With new IT, a new website and an updated image to drive its growth throughout the 2020s. We offer our clients the following services: Sales & Lettings Auction Sales Property Management Homebuyers Reports & Valuations Commercial Sales & Lettings Commercial property advice As we are your local property experts your property will be in safe hands with Keates. So give us a call and get the right advice.