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Commercial property for sale

£100,000

46 Waterloo Road, Burslem, Stoke-On-Trent ST6

Commercial property for sale 1 1
Interested in this property? Call +44 1782 933762 * or Request Details

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Property features

  • Fully let mixed use investment opportunity producing £10,236 pa.
  • Ground floor operating as a signwriting company.
  • Upper floor laid out as a 2 bedroom apartment with rear garden.
  • Total NIA: 1,034 sq ft.
  • EPC: Flat 1 - Band D (65), Commercial – Band C (71).

Property description

General description

A mid terrace property of brick elevations and pitched
roof coverings. The building is set within a row of
residential and commercial properties leading into
Burslem towards the top of Waterloo Road. This asset is
being sold as an income producing investment with a
current gross yield of 10.2% and with a rental increase of £444
pa by August 2025, giving a revised yield of 10.7%. The property
briefly comprises a ground floor commercial unit with sales
area, storeroom, rear office, kitchen and WC. The ground floor
has a new gas boiler, central heating, suspended ceiling and a
glazed frontage to Waterloo Road. The flat briefly comprises a
staircase from the rear entrance off the garden, lounge,
kitchen, bathroom and two double bedrooms. The flat benefits
from gas central heating, double glazed windows and a long
standing tenant who has been in occupation for almost five
years.

Location

The property features prominently on Waterloo Road close to
Swan Square and an array of shops and pubs. Burslem is located
7 miles from junction 16 of the M6 motorway and about 1 mile
from the Burslem junction of the A500.

Services

All main services are connected. No services have been tested
by the agents. All commercial and residential elements have
their own separate meters and boilers.

Vat

The sales price is not subject to VAT.

Tenure

Available freehold, subject to contract and with the benefit of
the existing iri lease and AST agreement.

Business Rates

The tenant is responsible for payment of any business rate
liability where applicable. The ratable value is £4,850.

Council Tax

The residential tenant isresponsible for payment of any council
tax where applicable.

Tenancy Details

The ground floor is let to a commercial tenant at £4,800pa (from
August 2024) for 3 years from 01/08/23.
Flat 46a (2 bed) is let to a private individual at £453pcm who
has been in occupation for over 4 years.
Combined income for the property at present is £10,236pa with
potential for higher future rent with yearly rent increases
scheduled for the commercial and 6 monthly for the residential

Accommodation

Ground Floor Retail:
Sales area: 305 sq ft
Storeroom: 20 sq ft
Office: 126 sq ft
Kitchen: 49 sq ft

WC --


Total NIA: 500 sq ft

First Floor Flat
Ground floor lobby: 42 sq ft
Lounge: 141 sq ft
Kitchen: 67 sq ft
WC: 12 sq ft
Bathroom: 50 sq ft
Bedroom 1: 138 sq ft
Bedroom 2: 84 sq ft
Total gia: 534 sq ft
Overall NIA: 1,034 sq ft

Anti-Money Laundering Regulations

In accordance with the anti-money laundering regulations, two
forms of identification will be required (e.g. Photographic
driving license, passport, utility bill) from the applicant and a
credit check may also be required, the cost of which will be the
responsibility of the applicant. Where appropriate we will also
need to see proof of funds.

Property info

Arrange Viewing

For more information about this property, please contact
Rory Mack Associates, ST5 on +44 1782 933762 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Rory Mack Associates, and do not constitute property particulars. Please contact Rory Mack Associates for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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