Commercial Property
The property is three storey consisting of ground floor retail area with plastered walls and ceiling and laminate floor finishes. The upper floors provide a range of storerooms, kitchen, and W/C, requiring refurbishment. May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.
The property is prominently located centrally on Piccadilly and opposite The Regent Theatre. Piccadilly offers a range of eateries, retail, leisure and professional office occupiers. Within the Cultural Quarter, other surrounding attractions include The Mitchell Arts Centre, Potteries Museum and Art Gallery and Victoria Theatre. The INTU Potteries Shopping Centre is approximately 100 metres from the premises. Piccadilly is a main access into the town centre from The Smithfield, the new development of offices, residential apartments and Hilton Garden Hotel. Hanley Bus Station is only 0.3 miles from the property and Stoke on-Trent Railway Station is 1.3 miles.
The Rateable Value listed in the 2017 list is £10,000. Interested parties may benefit from
100% relief via the Small Business Rates Relief Scheme and/or the Retail Discount
Scheme. We would recommend that further enquiries are directed to the Local Rating
Authority (Stoke-on-Trent City Council). Interested parties are advised to make their enquiries of the Local Planning Authority(Stoke-on-Trent City Council).
Mains electric and water services are believed to be connected to the property but
have not been tested. The property has a boiler and gas central heating system but is
not connected to a mains meter. Interested parties are advised to make their own
investigations to satisfy themselves of their suitability.
Interested parties are advised to inspect the legal pack for more information.
The vendor has advised that the property is subject to VAT. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Vacant possession upon completion.
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 Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s 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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
