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81 Trinity Street, Hanley, Stoke-on-Trent, ST1 5NA

Lot no: 44 Sold After Auction
 

Guide Price £69,000+ plus fees

ConditionalOn the fall of the hammer, the successful bidder will enter into a reservation agreement with the seller. This agreement confers an exclusivity period of 60-days on the successful bidder, in which to exchange contracts and complete the purchase. The non-refundable Reservation Fee will be payable to us immediately on the fall of the hammer, the amount of which will be stated on the property description. This fee does not contribute to the purchase price. The deposit will be payable later on exchange of contracts via your solicitor. You must make every effort to exchange contracts of sale and complete the purchase within the 60-day exclusivity period, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 30th April 2020

10.30am
Key Features
  • Former Licenced Club
  • Two Floors
  • Planning permission for partial demolition, change of use to ground floor professional and first floor residential.
  • Excellent Location
  • EPC Rating: D
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Sold After Auction

Commercial Property

Property Description:

Trinity Street/Etruria Road is a commercial gateway into Stoke on Trent city centre. Nearby occupiers include the Quality Hotel, Genting Casino, Grosvenor Casino, Premier Inn, Costa Coffee, TGI Fridays, Nando's, Tesco and Sainsburys.

Description
The property comprises former licensed club premises extending to approximately 308 sq. m. (3,315 sq. ft.) over two floors having planning permission for partial demolition, alterations and change of use to ground floor professional services and first floor residential.

The proposed plans for the ground floor comprise open plan office area, meeting room, kitchen, toilets and rear courtyard. The first-floor plans comprise a one and two bedroom self-contained flat, having shared entrance off Trinity Street, entrance hall, kitchen/lounge/diner and bathroom.

Full details can be found on Stoke-on-Trent City Council's online planning portal.

Accommodation
Ground Floor: 154.00 sq. m (1,658 sq. ft)
First Floor: 154.00 sq. m (1,658 sq. ft)
GIA: 308.00 sq. m (3,315 sq. ft)

Services
Interested parties are recommended to make their own enquiries. All mains utilities services are understood to be available, subject to any re-connection which may be necessary.

Planning
Stoke-on-Trent City Council granted planning permission on 5 September 2019 (reference 64266/FUL) for partial demolition of existing building, new external alterations including rearrangement of roof and a change of use to professional services at ground floor and residential at first floor.

Tenure:

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 Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.