No longer on the market
This property is no longer on the market
MapMixed use
Under offer
Mixed use
36
Key information
Features and description
- Two storey building with ground floor commercial lease and first floor AST
- New 5 year lease signed April 2025 with Tax Aiders at £6,240pa
- One bedroom flat above on 6 month AST paying £4,940pa
- Total NIA: 873 sq ft
A mid-terraced building of brick elevations with pitched tiled roof coverings offered to the market as an income producing investment with separate tenants on the ground and first floor. Tax Aiders is an established tax consultancy who have recently signed a new Internal
Repairing and Insuring 5 year lease. The first floor flat is occupied on a 6 month rolling AST and the current tenant has been in occupation since May 2024 . The ground floor offers 524 sq ft of usable space plus WC and is in good clean condition. On the first floor and with its own separate entrance is a one bedroom/studio flat with bedroom, integral lounge, kitchen and bathroom. The property is being sold with the tenants in situ and is not available with vacant possession. At the asking price and with the current rental income, the investment presents potential buyers with a gross yield of just over 11% with future asset management opportunities with residential rent growing.
The property is located on Marsh Street South just off Trinity Street and within a 2 minute walk of the centre of Hanley. Hanley can be accessed via the A500 and A50 and is 5 miles from junction 15 of the M6 motorway.
Mains water, drainage and electricity are connected. Heating is provided by a electric wall heaters throughout. No services have been tested by the agents.
The sale price is not subject to VAT.
Available freehold, subject to contract and with the benefit of the existing IRI and AST leases.
Rateable Value: £5,000
The tenant is responsible for payment of any business rate liability where applicable.
54 Marsh Street South, Hanley, ST1 1JD – Band A
The ground floor is let to a private individual, T/A Tax Aiders at £6,240pa on an IRI lease from 1st April 2025 for 5 years. Copy of the lease available upon request.
The first floor is let to a private individual at £4,940pa on a rolling 6 month AST from 4th May 2024. Copy of the AST with private information removed is available upon request.
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.
Band G (exempt)
Repairing and Insuring 5 year lease. The first floor flat is occupied on a 6 month rolling AST and the current tenant has been in occupation since May 2024 . The ground floor offers 524 sq ft of usable space plus WC and is in good clean condition. On the first floor and with its own separate entrance is a one bedroom/studio flat with bedroom, integral lounge, kitchen and bathroom. The property is being sold with the tenants in situ and is not available with vacant possession. At the asking price and with the current rental income, the investment presents potential buyers with a gross yield of just over 11% with future asset management opportunities with residential rent growing.
The property is located on Marsh Street South just off Trinity Street and within a 2 minute walk of the centre of Hanley. Hanley can be accessed via the A500 and A50 and is 5 miles from junction 15 of the M6 motorway.
Mains water, drainage and electricity are connected. Heating is provided by a electric wall heaters throughout. No services have been tested by the agents.
The sale price is not subject to VAT.
Available freehold, subject to contract and with the benefit of the existing IRI and AST leases.
Rateable Value: £5,000
The tenant is responsible for payment of any business rate liability where applicable.
54 Marsh Street South, Hanley, ST1 1JD – Band A
The ground floor is let to a private individual, T/A Tax Aiders at £6,240pa on an IRI lease from 1st April 2025 for 5 years. Copy of the lease available upon request.
The first floor is let to a private individual at £4,940pa on a rolling 6 month AST from 4th May 2024. Copy of the AST with private information removed is available upon request.
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.
Band G (exempt)
Property information from this agent
About this agent
Rory Mack Associates - Holly House
Holly House | 37 Marsh Parade
Newcastle Under Lyme Staffordshire
ST5 1BT
01782 409150Rory Mack Associates is a dedicated team of commercial property consultants, Chartered Surveyors and commercial estate agents based in Newcastle under Lyme, Staffordshire. We serve the neighbouring areas of Stoke on Trent, Stafford, Crewe, North Staffordshire and Cheshire. Our team of commercial property consultants and surveyors offer a full range of property services including: Estate agency, disposal and acquisitions Property management, investment and strategy Survey and valuation advice for residential and commercial property Lease advice for rent review and lease renewal Business rates Dilapidation and condition reports We provide a personal service and add value to our clients’ objectives. We pride ourselves on transparency and good old fashioned customer service which ensures our clients keep coming back, and most importantly, recommend us to their friends and colleagues. Our team of Chartered Surveyors includes RICS Registered Valuers and the firm is regulated by the Royal Institution of Chartered Surveyors (RICS). To enquire about our services in more detail please contact us to speak to a member of our team.