Lot 20
    Commercial Development
    222 King Street & 2 Bishop Street
    Fenton, Stoke-on-Trent, Staffordshire, ST4 3EN
    Sold for £70,000
     
    Number 1
    A Commercial & Residential Investment Producing £7,040 per annum

    Tenure

    Freehold

    Location

    The property is located on a mixed use road close to Stoke-on-Trent town centre. Nearby multiples include Costcutter, McDonalds, Barclays Bank and numerous local established traders. Transport links are provided by Longton rail station.

    Description (2nd Column)

    The property comprises an end of terrace building arranged over ground and two upper floors currently arranged as a ground floor lock up shop let to Coral Racing Ltd with a two bedroom first & second floor maisonette above.

    Note (2nd Column)

    We understand from the vendor that Coral Racing Limited have occupied the premises for the last 22 years and historically renew at short intervals.

    Viewing Details

    Commercial premises access during open hours only.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Annual Rent
    222 King Street Ground Shop Area Let on a 6 year FRI Lease to Coral Racing Ltd commencing August 2016 at a rent of £875 a quarter £3,500
    2 Bishop Street First & Second Reception Room, Two Bedrooms, Kitchen, Bathroom with WC & wash basin Let on an Assured Shorthold Tenancy at a rent of £295 pcm (Holding Over) £3,540
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    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.

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