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692 - 694 London Road, Stoke-On-Trent ST4 5BA

Lot no: 220 Auction Event
 

Guide Price £130,000+ plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 26th September 2024

9.00am
Key Features
  • Council Tax Band: A
  • Mixed use with 2 bedroom apartment to the upper floor (separate access)
  • Parking for 5 Vehicles
  • Good Location close to Hospital
  • Potential to split the ground floor to create two smaller units (subject to planning)
  • EPC Rating: D D
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Mixed Use

Property Description:

A well presented double fronted retail premises, formerly arranged as two separate units together with a separately accessed two bedroom flat above.

The ground floor briefly comprises a 644 sq ft sales area to the rear of which is a
kitchen and two toilets and was previously arranged as two separate units. The retail area benefits from air conditioning, suspended ceiling and UPVC windows.

The first floor flat is accessed via a steel staircase to the rear and briefly comprises
a landing area leading to the lounge, two double bedrooms, kitchen and bathroom and benefits from gas central hearing. At the rear of the building is a secure car park for around five cars.

Ground Floor

Sales area 644 sq. ft.

Kitchen/store 120 sq. ft.

2 x WCs

NIA 764 sq. ft.

First Floor

Lounge 159 sq. ft.

Bedroom 144 sq. ft.

Bedroom 152 sq. ft.

Kitchen 79 sq. ft.

Bathroom --

NIA 534 sq. ft.

Total NIA 1,298 sq. ft.

LOCATION
The property is prominently located on London Road at its junction with Wolseley Road and benefits from 26 feet roadside frontage in a predominantly residential area and close to a range of other retail outlets.

The property is in close proximity to Royal Stoke University Hospital and easy access to the A500, A34 and M6 motorway. Stoke town centre is less than one mile away.

SERVICES
All main services are connected. Air conditioning units installed on the ground floor. No services have been tested by the agents.

VAT
The sale price is not subject to VAT.

Flood Risk

Rivers and Seas No Risk. Surface Water Low.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available.

Broadband (estimated speeds)

Standard 7 mbps. Superfast 46 mbps. Ultrafast 1000 mbps.

Satellite and Cable TV Availability

BT, Sky and Virgin are available.

Tenure:

Freehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas, Double Glazing
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Off Street



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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.