Property for sale

Part-let investment producing £12,900 per annum with the potential to increase this to £25,000 pa through the letting of the vacant parts. The property comprises a three storey retail and office premises situated in the heart of Stone, a market town in Staffordshire. Comprising self contained ground floor shop premises with High Street frontage and separate first and second floor offices.

Description - Part-let investment producing £12,900 per annum with the potential to increase this to £25,000 pa through the letting of the vacant parts. The property comprises a three storey retail and office premises situated in the heart of Stone, a market town in Staffordshire. Comprising self contained ground floor shop premises with High Street frontage and separate first and second floor offices.

Location - The property is located on the High Street in Stone immediately above 'Yum Yums' sweet shop. Accessed via a door from Adies Alley, the nearest car park is a short walk away at Crown Street.

Accommodation - GROUND FLOOR
Retail Area: 435 Sq ft (40.41 Sq m)
Stores: 215 Sq ft (19.97 Sq m)
Staff Room/Kitchen: 51 Sq ft (4.74 Sq m)
WC
NIA: 701 Sq ft (65.12 Sq m)

FIRST FLOOR
Office One: 222 Sq ft (20.62 Sq m)
Office Two: 200 Sq ft (18.58 Sq m)
Staff Room/Kitchen: 182 Sq ft (16.91 Sq m)
WC

SECOND FLOOR
Office Three: 242 Sq ft (22.48 Sq m)
Office Four: 198 Sq ft (18.39 Sq m)
Store: 81 Sq ft (7.52 Sq m)
WC

NIA: 1,125 Sq ft (104.51 Sq m)

Services - Mains Electric and Water are available subject to any reconnection which may be necessary.

Heating is provided by wall mounted electric storage heaters.

Planning - Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Rating - Ground Floor
The VOA website advises the rateable value for 2024/25 is £15,000. The standard non-domestic business rates multiplier is 54.6p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

First and Second Floors
The VOA website advises the rateable value for 2024/25 is TBC however we believe they will be ZERO for small businesses. The standard non-domestic business rates multiplier is 54.6p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Tenure - Leasehold - Freehold subject to a 12 month licence from June 2025 at £12,900 pa,

Vat - We have been advised Vat is NOT applicable to this property.

Proof Of Identity - To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Credit Check - On agreed terms the ingoing tenant will be required to pay a fee of £85 to buttersjohnbee for the application and collation of references and credit data from a third party. The application process will, under normal circumstances take between two and five working days. The applicant will be required to complete a simple online form for submission to our credit reference agency. Application fee will be payable in advance and will not be refundable.

Legal Costs - Sale - Each party is responsible for their own legal costs in respect of the sale of this premises.

Viewing - Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone[use Contact Agent Button]. Opening hours are 9.00-5.30pm, Monday to Friday.