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10 Trinity Street, Hanley, Stoke-On-Trent ST1 5LA

Lot no: 142 Sold Prior to Auction
 

Guide Price £130,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 27th June 2024

9.00am
Key Features
  • Freehold mixed use two storey take-away premises and self-contained flat
  • Prime Location
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Sold Prior to Auction

Mixed Use

Property Description:

A prominently located two storey take-away premises briefly comprising an open plan ground floor sales area, raised till/serving area, rear kitchen and preparation stations.

On the first floor are staff toilets and a self contained one bedroom flat. The takeaway comes ready to go with a substantial amount of equipment required to operate being left according to the vendor. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Trinity Street is one of the main routes into the city centre with No.10 being right at the top of the hill close to a number of national retailers such as CEX, Subway and The Works. The takeaway is also close to a number of bars and restaurants such as Reflex and Fiction.

PLANNING
Previously used as a takeaway premises the property has an Sui Generis Use Class Order (effective 1st September 2020) which permits the sale of hot food for take away purpose.
Interested parties are advised to satisfy themselves that the appropriate planning permission is in place.

ACCOMMODATION
Ground Floor:
Sales and Food prep area 778 sq. ft.

First Floor:
Staff toilets 83 sq. ft.
Lounge/kitchen 311 sq. ft.
Bedroom 78 sq. ft.
Bathroom 83 sq. ft.
Total NIA: 1,956 sq. ft.

SERVICES
All mains services are connected. Gas fired central heating installed to first floor apartment. No services have been tested by the agents.

Additional Information:
Construction: TBC
Broadband Speed: Standard 12 mbps, Ultrafast 1000 mbps.
Mobile Signal: Vodafone, EE, Three and O2 are available in this location.
Satellite and Cable TV Availability: BT and Sky are available in this location.

VAT
The sale price is not subject to VAT.

BUSINESS RATES
Rateable Value: £11,000

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

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. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 Buyers 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.