Next auction Thursday 15th August 2.30PM

27 - 29 Market Street, Longton, Stoke on Trent, ST3 1BJ



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Guide price

£75,000+


Property Type

Investment


Key Features

  • Town Centre Freehold Retail Investment let at £12,500 pa
  • Ground Floor Total Sales Area: 2,636 sq ft
  • High yielding retail investment property (14%+ Gross Yield at Guide Price)

Part of the 26 October 2023 auction
The Nottingham Racecourse at 2.30PM

Freehold high yielding retail investment property let to a Factory Furniture Outlet on a 3 year at £12,500 per annum

  • Freehold retail investment property in the heart of Longton
  • Close to Longton Exchange, Halifax and Wilkinsons
  • A short walk to Train Station/Bus Interchange
  • Near A50, Tesco Extra, Argos & Costa
  • Surrounded by a variety of national & regional retailers
  • Ground floor retail unit measuring circa 2,636 sq ft (VOA)
  • Ground Floor Sales - 2,183 sq ft
  • Rear offices, staff area & stores - 453 sq ft
  • Let on a 3 year lease expiring 17th June 2024
  • Note: first floor sold off on a long leasehold at a Peppercorn rent
  • Large double fronted unit with excellent display space
  • Ideal investment opportunity

Contact Auction Estates on 0115 7844600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold, subject to the tenancy of the ground floor. Let to Factory Seconds Longton Limited on a 3 year lease expiring 17th June 2024 at a rent of £12,500 per annum. Note: the upper floor has been sold off on a 250 Year LLH at a Peppercorn Rent.

Refer to Legal Pack

Email: mm@bannerjones.co.uk
Telephone: 01623 675805

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