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For Sale By Auction | 12:00, 13 April 2017 | Lot 44

222 King Street & 2 Bishop Street, Fenton, Stoke-on-Trent, Staffordshire, ST4 3EN

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*Guide | £70,000+ (plus fees)

  • Commercial Development
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

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Auction Date

Thu 13/04/2017

Auction Time

12:00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

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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.

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.

Legal Pack Received

False

Addendum

For the avoidance of doubt the ground floor shop is Let on a 6 year FRI Lease to Coral Racing Ltd commencing August 2016 at a rent of £875 a quarter and not as originally described in the catalogue.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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Price Information

*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.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.