Lot 29
    Commercial Property
    Lloyds Pharmacy
    42 Market Street, Kidsgrove, Stoke-on-Trent, Staffordshire, ST7 4AB
    Sold for £178,000
     
    Number 1
    A Commercial Investment Let to Lloyds Pharmacy Producing £16,800 per annum Inc. VAT. Offered with Ancillary Accommodation Above Suitable for Redevelopment (subject to obtaining all relevant consents) Measuring Approximately 2,380 sq ft (221.1 sq m)

    Description

    The property comprises a mid terrace building arranged ground and two upper floors currently arranged as a ground floor shop with ancillary accommodation over first and second floors. Current Rent Reserved £16,800 Inc. VAT per annum

    Tenure

    Freehold

    Location

    The property forms part of an established parade on a busy main road in Kidsgrove amongst local shops and amenities. Nearby multiples include Barclays Bank, Coral Betting and The Co-op Bank. Transport links are provided by Kidsgrove rail station.

    Tenancy

    The entire building is let to Lloyds Pharmacy on an FRI Lease for a term of 10 years commencing 24th June 2014 at a rent of £16,800 Including VAT per annum. Rent is paid monthly in advance and up-to-date. Rent Review 2019.

    VAT

    VAT is applicable

    Accommodation (2nd Column)

    Ground Floor
    Shop Area (31'0" Frontage, Depth 62'8", GIA 1,891 sq ft)
    Separate WC with wash basin

    First Floor
    Kitchen & Storage Area

    Second Floor
    Ancillary Storage Area

    G.I.A 2,999 sq ft

    Viewing Details

    Commercial premises access during open hours only.
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
    Share this lot

    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.

    Contact Our Property Experts