Standout Features
- Freehold multi-let mixed-use investment
- Commercial unit let for 5 years from 1 July 2023 at £30,000 per annum.
- 1x commercial unit trading as an independent public house 249 sq. m (2,680 sq. ft).
- Flats let at monthly rents ranging between £450 and £550
- 8x one bed flats ranging from 31 sq. m (334 sq. ft) to 42 sq. m (452 sq. ft).
- Combined rent of £77,340 per annum
Property Description
LOCATION Stoke on Trent is a major commercial and industrial city and unitary authority in North Staffordshire, approximately 29 miles to the south of Manchester and 40 miles to the north of Birmingham. At the 2021 census, Stoke on Trent had population of approximately 260,000. The property itself is located in Longton, one of the six towns that make up the City of Stoke of Trent. Longton is situated in the southeast of the City and is a popular residential area with a thriving town centre having a wide range of independent traders and household names, bus station, train station and easy access to the major road network.
DESCRIPTION The property comprises a multi-let mixed-use investment consisting of 1x commercial unit trading as an independent public house (249 sq. m (2,680 sq. ft)) and 8x flats ranging from 31 sq. m (334 sq. ft) to 42 sq. m (452 sq. ft). The building itself of early 20th century origin and was refurbished to provide the existing accommodation in 2005/2006. The public house occupies the majority of the ground floor and basement. It has a modern interior with bar and seating area to the front & right-hand side, office, stores, male and female toilets and a conservatory at the rear together with a private external seating area.
The flats are accessed from the left-hand side of the building via a communal entrance. Inside the communal areas and flats are finished to a modern standard. Each flat has an entrance lobby, living room, kitchen, bedroom and ensuite.
PHOTOS Some photos of Flats 1, 2, 4 and 7 are attached to give an idea of the standard of interiors. Please bear in mind during viewings they will be furnished with the tenants' belongings.
FLOORPLANS Where the flats have been marketed in recent years, the floorplans are attached.
TENANTS 1. Commercial Unit - Individual - EPC rating C - EPC sqm 249 - Lease start date 01 July 2023 for 5 years to 01 July 2026 at rent £30,000
2. Flat 1 - Individual - EPC rating D - EPC sqm 34 - Tenancy start date 27 June 2022 for rent £455pcm totalling annual rent £5,460 - deposit taken £490
3. Flat 2 - Individual - EPC rating D - EPC sqm 33 - Tenancy start date 07 June 2024 for rent £550pcm - annual rent £6,600 - deposit taken £730
4. Flat 3 - Individual - EPC rating C - EPC sqm 38 - Tenancy start date 04 November 2022 for £450pcm - annual rent £5,400
5. Flat 4 - Individual - EPC rating D - EPC sqm 42 - Tenancy start date 23 June 2023 for £475pcm - annual rent £5,700 - deposit taken £545
6. Flat 5 - Individual - EPC rating D - EPC sqm 33 - Tenancy start date - 01 March 2023 for £465pcm - annual rent £5,580 - deposit taken £515
7. Flat 6 - Individual - EPC rating C - EPC sqm 43 - Tenancy start date 16 October 2023 for £475 pcm - annual rent £5,700
8. Flat 7 - Individual - EPC rating C - EPC sqm 31 - Tenancy start date 17 September 2024 for £550pcm - annual rent £6,600 - deposit taken £1,120
9. Flat 8 - Individual - EPC rating C - EPC sqm 42 - Tenancy start date 08 May 2024 for £525 pcm - annual rent £6,300 - deposit taken £605
ENERGY PERFORMANCE CERTIFICATES 1. Commercial - 249sqm Ground Floor - EPC rating C - expiry date 31/1/2032
2. Flat 1 - 34sqm Mid Floor - EPC rating D - expiry date 04/10/2027
3. Flat 2 - 33sqm Mid Floor - EPC rating D - expiry date 04/10/2027
4. Flat 3 - 38sqm Mid Floor - EPC rating C - expiry date 28/3/2029
5. Flat 4 - 42sqm Mid Floor - EPC rating D - expiry date 04/10/2027
6. Flat 5 - 33sqm Top Floor - EPC rating D - expiry date 06/06/2027
7. Flat 6 - 43sqm Top Floor - EPC rating C - expiry date 05/03/2032
8. Flat 7 - 31sqm Top Floor - EPC rating C - expiry date 06/04/2027
9. Flat 8 - 42sqm Top Floor - EPC rating C - expiry date 06/06/2027
SERVICES All mains' utilities services are understood to be available.
PLANNING The existing use of the property is authorised pursuant to Stoke on Trent planning decision 43073/FUL.
TENURE Freehold - Title Number: SF75384
PRICE We are instructed to invite offers in the order of £845,000. Assuming purchaser's costs at 4.83%, a purchase at this level reflects a net initial yield of 8.74% and an overall rate of £1,550/sq. m (£144/sq. ft).
VAT Not applicable
COSTS Each party is to be responsible for their own legal costs.
ANTI MONEY LAUNDERING 0' 0" n accordance with Anti-Money Laundering Regulations identification and confirmation of the source of funding will be required from the successful purchaser.
DESCRIPTION The property comprises a multi-let mixed-use investment consisting of 1x commercial unit trading as an independent public house (249 sq. m (2,680 sq. ft)) and 8x flats ranging from 31 sq. m (334 sq. ft) to 42 sq. m (452 sq. ft). The building itself of early 20th century origin and was refurbished to provide the existing accommodation in 2005/2006. The public house occupies the majority of the ground floor and basement. It has a modern interior with bar and seating area to the front & right-hand side, office, stores, male and female toilets and a conservatory at the rear together with a private external seating area.
The flats are accessed from the left-hand side of the building via a communal entrance. Inside the communal areas and flats are finished to a modern standard. Each flat has an entrance lobby, living room, kitchen, bedroom and ensuite.
PHOTOS Some photos of Flats 1, 2, 4 and 7 are attached to give an idea of the standard of interiors. Please bear in mind during viewings they will be furnished with the tenants' belongings.
FLOORPLANS Where the flats have been marketed in recent years, the floorplans are attached.
TENANTS 1. Commercial Unit - Individual - EPC rating C - EPC sqm 249 - Lease start date 01 July 2023 for 5 years to 01 July 2026 at rent £30,000
2. Flat 1 - Individual - EPC rating D - EPC sqm 34 - Tenancy start date 27 June 2022 for rent £455pcm totalling annual rent £5,460 - deposit taken £490
3. Flat 2 - Individual - EPC rating D - EPC sqm 33 - Tenancy start date 07 June 2024 for rent £550pcm - annual rent £6,600 - deposit taken £730
4. Flat 3 - Individual - EPC rating C - EPC sqm 38 - Tenancy start date 04 November 2022 for £450pcm - annual rent £5,400
5. Flat 4 - Individual - EPC rating D - EPC sqm 42 - Tenancy start date 23 June 2023 for £475pcm - annual rent £5,700 - deposit taken £545
6. Flat 5 - Individual - EPC rating D - EPC sqm 33 - Tenancy start date - 01 March 2023 for £465pcm - annual rent £5,580 - deposit taken £515
7. Flat 6 - Individual - EPC rating C - EPC sqm 43 - Tenancy start date 16 October 2023 for £475 pcm - annual rent £5,700
8. Flat 7 - Individual - EPC rating C - EPC sqm 31 - Tenancy start date 17 September 2024 for £550pcm - annual rent £6,600 - deposit taken £1,120
9. Flat 8 - Individual - EPC rating C - EPC sqm 42 - Tenancy start date 08 May 2024 for £525 pcm - annual rent £6,300 - deposit taken £605
ENERGY PERFORMANCE CERTIFICATES 1. Commercial - 249sqm Ground Floor - EPC rating C - expiry date 31/1/2032
2. Flat 1 - 34sqm Mid Floor - EPC rating D - expiry date 04/10/2027
3. Flat 2 - 33sqm Mid Floor - EPC rating D - expiry date 04/10/2027
4. Flat 3 - 38sqm Mid Floor - EPC rating C - expiry date 28/3/2029
5. Flat 4 - 42sqm Mid Floor - EPC rating D - expiry date 04/10/2027
6. Flat 5 - 33sqm Top Floor - EPC rating D - expiry date 06/06/2027
7. Flat 6 - 43sqm Top Floor - EPC rating C - expiry date 05/03/2032
8. Flat 7 - 31sqm Top Floor - EPC rating C - expiry date 06/04/2027
9. Flat 8 - 42sqm Top Floor - EPC rating C - expiry date 06/06/2027
SERVICES All mains' utilities services are understood to be available.
PLANNING The existing use of the property is authorised pursuant to Stoke on Trent planning decision 43073/FUL.
TENURE Freehold - Title Number: SF75384
PRICE We are instructed to invite offers in the order of £845,000. Assuming purchaser's costs at 4.83%, a purchase at this level reflects a net initial yield of 8.74% and an overall rate of £1,550/sq. m (£144/sq. ft).
VAT Not applicable
COSTS Each party is to be responsible for their own legal costs.
ANTI MONEY LAUNDERING 0' 0" n accordance with Anti-Money Laundering Regulations identification and confirmation of the source of funding will be required from the successful purchaser.
Additional Information
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Freehold
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The Strand, Longton, Stoke on Trent
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Martin & Co Stoke-on-Trent | Estate Agents & Letting Agents
Unit C The Forecourt,
12 Albion Street,
Hanley,
Stoke-on-Trent,
Staffordshire,
ST1 1QH,
England