Commercial Property
The property comprises a substantial and prominent three storey mid terraced building, extending in total to approximately 8,790 sq.ft. (817 sq.m.) NIA.
There are a number of former function rooms with associated bar areas, offices, kitchen, WCs and cellar storage. The property is considered suitable for conversion for a variety of alternative uses, including residential, subject to the appropriate planning consent.
The current owners have explored the possibility of residential development and an indicative scheme prepared for them shows 17 apartments, subject to planning.
The property occupies a prominent frontage to the main A50 Waterloo Road, towards the edge of Burslem Town Centre. The A50 is a busy local route, linking Burslem with neighbouring Hanley.
Burslem has witnessed inward investment in recent years, including the Burslem Regeneration Scheme which has improved certain aspects within the Town.
We have not undertaken a measured survey and all interested parties must seek their own verification of floor areas and dimensions.
4-6 Waterloo Road Total NIA: 6,897 sq.ft. (641 sq.m.)
8 Waterloo Road Total NIA: 1,893 sq.ft. (176 sq.m.)
Approximate Total: 8,790 sq.ft. (817 sq.m.)
Cellar: 1,112 sq.ft. (103 sq.m.)
We understand that the property is Freehold and vacant possession will be given upon completion.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
