Commercial Property in Stoke on Trent

32-38 (Even) & 36A & 38A Piccadilly & 25 Brunswick St, Hanley, Stoke on Trent, ST1 1EG
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Variable Fee
Rory Mack Associates

Guide Price* £385,000+ plus fees

Property Description

The lot comprises four commercial units with a total of 13,376 sq.ft. NIA in a prime position which we feel could be utilised into a residential scheme in-keeping with various other schemes within the area, subject to obtaining planning consent or simply let with minimal spend.

32/34 Piccadilly

Occupied by Coral Racing Ltd who occupy all floors, however don’t utilise the space above ground floor and may be open to renegotiation for allowing separate use of the upper floors for a future residential scheme. Ground Floor Trading Area extending to 2,146 sq.ft. Basement Area extending to 1,593 sq.ft. First Floor configured as offices and extending to 1,273 sq.ft. Second Floor configured as offices and extending to 2,093 sq.ft. Third Floor configured as offices and extending to 1,730 sq.ft.


36/36A/38A Piccadilly

Vacant lock up shops with roller shutters in a prime location comprising - Ground Floor extending to approx 554 sq.ft. Basement extending to approx 439 sq.ft. Lower Ground extending to 309 sq.ft.


38 Piccadilly

Vacant ground floor lock up shop with roller shutter in a prime location extending to approx 1,810 sq.ft.


25 Brunswick Street

Vacant ground floor unit extending to approx 1,428 sq.ft.


Location

The property is located in Hanley town centre on the north side of the pedestrianised Piccadilly, between its junctions with Brunswick and Pall Mall with national and local retailers within the immediate vicinity. National retailers include TSB Bank and HSBC. Stoke on Trent railway station is approximately a mile away with the M6 motorway close by. The area is in the late stages of a Circa 200 million regeneration scheme.


Lease Details

We understand that the property is subject to the following leases: 32/34 Let to Coral Racing Limited held on a 25 years from 26.07.2002 Rent review every 5th year FR& I basis with next Rent review in 2022 – current rent passing £30,500. 36/36A/38A - Vacant. 38 – Vacant. 25 Brunswick Street - Vacant.


VAT

We understand that is no VAT payable on the purchase price.


Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.


Tenure

Freehold


Auction Method: The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on “Registration Process”. The auction can be watched in real-time on the auction date on our home page: https://www.sdlauctions.co.uk/ The auction date applicable for the property is displayed on this page. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold. You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed. When you place your bid, you are deemed to have agreed to SDL Auctions’ Buyers Terms (England & Wales). Auction Type - Unconditional with Variable Fee If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise. Auction Fees The following non-refundable fees apply:
  • Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000 (b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000 The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price. 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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Auctions, and will be in addition to any fees payable to us. SDL Auctions has limited control over the content of the Special Conditions of Sale. Deposit On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price. Payment Method: Applicable fees/deposit must be paid immediately after a winning bid has been placed. We do not accept payment by cash or cheque. Prior to the auction, we will email you to register your card details with our third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by one of our representatives to make payment. If we cannot make contact with you within 24 hours after the auction ends, we reserve the right to charge your card if you do not respond to this email. Legal Pack Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate. The legal pack can be viewed against the property details, where there is a sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents. The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding. Special Conditions of Sale The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack. Energy Performance Certificate The EPC for this property can be viewed in full at the top of this page or in the legal pack. Registration Process: To register to bid on the property, you must submit your remote bid here: https://www.sdlauctions.co.uk/remote-telephone-proxy-bidding/. There is also a link to register on the property details page, where you will also be able to find the lot number for the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed. 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.