Auction House London

Lot 91

Retail Property (high street) - Commercial Property 

10 Fountain Square & 6 Miles Bank

Stoke-on-Trent, Staffordshire, ST1 1LG

Sold for £172,000.

A Mid Terrace Commercial Investment Let Producing £30,000 Per Annum Reflecting a 20% Yield on the Guide Price.


The property comprises a mid terrace commercial building arranged over ground and first floors.


Virtual Freehold. The property will be sold on a new 999 year lease.


The property occupies a prominent corner position with frontage to Miles Bank & Fountain Square. Hanley town centre is currently undergoing its first phase of redevelopment. This includes the resurfacing and pedestrianisation of the surrounding roads, with the second phase of the regeneration includes a £20m levelling up fund award for the provision of a comprehensive mixed-use development to the south of the property.

The Potteries Shopping Centre is to the north of the property, The property forms part of the epicentre of the retail and leisure offering in the town and experiences high levels of footfall, local occupiers include Primark, KFC, Boots, and TK Maxx.


Ground Floor
Shop Area

First Floor
Shop Area


The property is subject to an FRI lease for a term of five years commencing 25th March 2021 at a rent of £30,000 per annum. The tenants did not exercise their January 2024 break clause.


VAT is Applicable

G.I.A. Approximately 330 sq m (Obtained from EPC)

EPC Rating



The property will be sold on a new 999 year lease and not as previously stated within the particulars.

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at

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Enquire about 10 Fountain Square & 6 Miles Bank, Stoke-on-Trent, Staffordshire, ST1 1LG

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