Property for sale

High Street, Stone ST15

Part-let investment producing £12,900 per annum with the potential to increase this to £25,000 pa through the letting of the vacant parts. The property comprises a three storey retail and office premises situated in the heart of Stone, a market town in Staffordshire. Comprising self contained ground floor shop premises with High Street frontage and separate first and second floor offices.

Description

Part-let investment producing £12,900 per annum with the potential to increase this to £25,000 pa through the letting of the vacant parts. The property comprises a three storey retail and office premises situated in the heart of Stone, a market town in Staffordshire. Comprising self contained ground floor shop premises with High Street frontage and separate first and second floor offices.

Location

The property is located on the High Street in Stone immediately above 'Yum Yums' sweet shop. Accessed via a door from Adies Alley, the nearest car park is a short walk away at Crown Street.

Accommodation

Ground floor
Retail Area: 435 Sq ft (40.41 Sq m)
Stores: 215 Sq ft (19.97 Sq m)
Staff Room/Kitchen: 51 Sq ft (4.74 Sq m)
WC

NIA: 701 Sq ft (65.12 Sq m)
First floor

Office One: 222 Sq ft (20.62 Sq m)
Office Two: 200 Sq ft (18.58 Sq m)
Staff Room/Kitchen: 182 Sq ft (16.91 Sq m)
WC

second floor

Office Three: 242 Sq ft (22.48 Sq m)
Office Four: 198 Sq ft (18.39 Sq m)
Store: 81 Sq ft (7.52 Sq m)
WC


NIA: 1,125 Sq ft (104.51 Sq m)

Services

Mains Electric and Water are available subject to any reconnection which may be necessary.

Heating is provided by wall mounted electric storage heaters.

Planning

Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Rating

Ground Floor
The voa website advises the rateable value for 2024/25 is £15,000. The standard non-domestic business rates multiplier is 54.6p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

First and Second Floors
The voa website advises the rateable value for 2024/25 is tbc however we believe they will be zero for small businesses. The standard non-domestic business rates multiplier is 54.6p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Tenure - Leasehold

Freehold subject to a 12 month licence from June 2025 at £12,900 pa

Vat

We have been advised Vat is not applicable to this property.

Proof Of Identity

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Credit Check

On agreed terms the ingoing tenant will be required to pay a fee of £85 to buttersjohnbee for the application and collation of references and credit data from a third party. The application process will, under normal circumstances take between two and five working days. The applicant will be required to complete a simple online form for submission to our credit reference agency. Application fee will be payable in advance and will not be refundable.

Legal Costs - Sale

Each party is responsible for their own legal costs in respect of the sale of this premises.

Viewing

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.