For Sale By Auction | 12:00, 19 July 2017 | Lot 29

Lloyds Pharmacy, 42 Market Street, Kidsgrove, Stoke-on-Trent, Staffordshire, ST7 4AB

Sold £178,000

  • Commercial Property
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Wed 19/07/2017

Auction Time

12:00

Auction Venue

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

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)

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.

Accommodation

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

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

Viewing Details

Commercial premises access during open hours only.

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.