Property Details

Uttoxeter Road, Stoke-On-TrentGuide Price £575,000

On MarketKeates - 01782 84708300005305

Income Producing Investment
4 Retail Units, Workshop, Takeaway and Flat
EPCS D 92,B 33,D 90, B 44 C 67
Total Income Stream £59,400 p.a
For Sale by Modern Auction – T & C’s apply
Subject to Reserve Price, Buyers fees apply

IDEAL INVESTMENT . For sale by Modern Method of Auction: Starting Bid Price £575,000 plus Reservation Fees. Income-producing investment including a retail element comprising garage, micropub, mini market and barbershop, with a bathroom showroom over, an Indian takeaway with a one bed flat over, and a garage workshop. The retail element is of brick and tile, and brick and profile metal construction, and the workshop is of brick and profile metal construction. There are six car parking spaces to the front of the retail element. Total income stream £59,400 p.a. This property is for sale by “Regional Auction name powered by iamsold Ltd” or “iamsold Ltd.

Location
The property is located on Uttoxeter Road in Blythe Bridge, set in a row of rental units with Blythe Bridge High School opposite and residential housing in close proximity. There is easy access to the A50, which in turn provides access to the M6 via Junctions 15 & 16. The Railway network is easily accessible by way of Blythe Bridge Railway Station.
Services
Mains electrics, water and drainage are connected to the retail units and workshop. No services have been tested by the Agent or the Vendor. Interested parties are advised to make their own enquiries.
VAT
The sale price is not subject to VAT.
Tenure
Available freehold, subject to contract and with the benefit of the existing IRI leases.
Business Rates
Tenants are responsible for paying business rates.
Council Tax
The residential tenants are responsible for payment of council tax.
Planning
We recommend that all interested parties make their own enquiries with the local authority in order to satisfy themselves that the uses are authorised
Tenancy Details
Crossways Garage: Let at £12,000 PA for 6 years from 1st February 2023 on an IRI basis. 248 Uttoxeter Road: Let to Ali Spice at £15,000 PA for 20 years from 17th August 2023 with five-yearly reviews. Includes takeaway and 1bed 1st floor flat. Unit 1, 246 Uttoxeter Road: Let to Crossways Micropub at £9,000 PA for 5 years from 1st July 2023 on an IRI basis Unit 2, 246 Uttoxeter Road: Let to Lara Convenience Store at £6,240 PA for 5 years from 1st April 2023 on an IRI basis. Unit 3, 246 Uttoxeter Road: Let to Izmir Barbershop at £7,500 for 5 years from 1st September 2022 on an IRI basis 1st Floor, 246 Uttoxeter Road: Let to Action Heat at £9,600 PA for 6 years from 19th December 2022 on an IRI basis.
Crossways Garage
Car repair workshop and premises. Workshop 2056 sqft. Office 99 Sqft. Wc's 17sqft
Ali Spice
Indian takeaway with 1 bed flat over. Restaurant: Approx: 450 sqft One bed flat approx 390 sqft comprising living rom, bedroom, kitchen and bathroom.
Crossways Micro Pub
Bar: 477 sqft, WC's 36 swft and cellar 50 sqft.
Lara Store
Retails Space 212 sqft. Store 63 sqft
Barbers Shop
Shop approx 415 sqft and Kitchen 74 sqft
Action Bathrooms
Showrooms approx: 803 sqft. Offices 131 sqft and Stores 53 sqft

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