£425,000
(£134.32/sq. ft)
Property for sale396 New Street, Biddulph Moor, Stoke-On-Trent, Staffordshire ST8
3,164 sq. ft
EPC Rating: E
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About this property
*****mixed-use investment*****
Location
Biddulph Moor is a village in the Staffordshire Moorlands with a population of approximately 1,650. The village is situated approximately 1.5miles to the east of Biddulph, 4 miles to the southeast of Congleton, 5 miles to the west of Leek and 6 miles to the north of Stoke on Trent.
Description
The property comprises an early 20th century building of traditional construction which has been extended and adapted over the years and is now arranged as a retail unit on part of the ground floor and a residential property on the remainder of the ground floor and the first floor, together with external areas providing access to the retail unit and parking/amenity space and a garage for the residential property.
The retail unit is occupied by Everest Pharmacy who currently operate approximately 46 pharmacies across Manchester, Merseyside, Lancashire, North Wales, Yorkshire, North Staffordshire and Leicester.
The residential accommodation is being sold with vacant possession and is suitable for owner occupation or letting. We are informed that part of the residential has been operated as an Airbnb previously.
Accommodation
Retail
Retail area, office, staff welfare areas.
Residential
Ground floor: Entrance hallway, living/dining room, bedroom with en-suite wc, breakfast kitchen, utility room, boot room; first floor: 5x bedrooms, 1 with an en-suite shower room, 2x bath/shower rooms, sitting room, storeroom.
Measurements
Retail: 71.00 sq. M (764 sq. Ft)
Residential: 223.00 sq. M (2,400 sq. Ft)
Gross Internal Area: 294.00 sq. M (3,164 sq. Ft)
Services
Each part of the building is separately serviced;
Mains electricity, water and drainage are available to both parts;
Residential part has oil-fired central heating.
Energy Performance
Retail: Energy Rating C
Residential: Energy Rating E
Commercial Tenancy
Tenant: Prestford Limited t/a Everest Pharmacy
Term: 10 years commencing on 28 August 2025
Break: Tenant break option on 28 August 2030
Rent: £12,000 per annum
Rent Review: 28 August 2030
Repairs: Tenant obligation
Insurance: Tenant pays Insurance Rent
Building Maintenance: Tenant pays fair proportion of Building Maintenance costs.
Rating
Retail: Rateable Value £7,500
Residential: Council TAx Band B
Tenure
Freehold, subject to the commercial tenancy
Price
£425,000 for the Freehold
VAT
Not applicable.
Costs
Each party is to be responsible for their own costs.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations identification and confirmation of the source of funding will be required from the successful purchaser.
Viewings
Viewing is strictly by appointment with the Sole Agent:
Glenn Hammond mrics
T: M: E:
Phil Webb
T: M: E:
Subject to Contract
Location
Biddulph Moor is a village in the Staffordshire Moorlands with a population of approximately 1,650. The village is situated approximately 1.5miles to the east of Biddulph, 4 miles to the southeast of Congleton, 5 miles to the west of Leek and 6 miles to the north of Stoke on Trent.
Description
The property comprises an early 20th century building of traditional construction which has been extended and adapted over the years and is now arranged as a retail unit on part of the ground floor and a residential property on the remainder of the ground floor and the first floor, together with external areas providing access to the retail unit and parking/amenity space and a garage for the residential property.
The retail unit is occupied by Everest Pharmacy who currently operate approximately 46 pharmacies across Manchester, Merseyside, Lancashire, North Wales, Yorkshire, North Staffordshire and Leicester.
The residential accommodation is being sold with vacant possession and is suitable for owner occupation or letting. We are informed that part of the residential has been operated as an Airbnb previously.
Accommodation
Retail
Retail area, office, staff welfare areas.
Residential
Ground floor: Entrance hallway, living/dining room, bedroom with en-suite wc, breakfast kitchen, utility room, boot room; first floor: 5x bedrooms, 1 with an en-suite shower room, 2x bath/shower rooms, sitting room, storeroom.
Measurements
Retail: 71.00 sq. M (764 sq. Ft)
Residential: 223.00 sq. M (2,400 sq. Ft)
Gross Internal Area: 294.00 sq. M (3,164 sq. Ft)
Services
Each part of the building is separately serviced;
Mains electricity, water and drainage are available to both parts;
Residential part has oil-fired central heating.
Energy Performance
Retail: Energy Rating C
Residential: Energy Rating E
Commercial Tenancy
Tenant: Prestford Limited t/a Everest Pharmacy
Term: 10 years commencing on 28 August 2025
Break: Tenant break option on 28 August 2030
Rent: £12,000 per annum
Rent Review: 28 August 2030
Repairs: Tenant obligation
Insurance: Tenant pays Insurance Rent
Building Maintenance: Tenant pays fair proportion of Building Maintenance costs.
Rating
Retail: Rateable Value £7,500
Residential: Council TAx Band B
Tenure
Freehold, subject to the commercial tenancy
Price
£425,000 for the Freehold
VAT
Not applicable.
Costs
Each party is to be responsible for their own costs.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations identification and confirmation of the source of funding will be required from the successful purchaser.
Viewings
Viewing is strictly by appointment with the Sole Agent:
Glenn Hammond mrics
T: M: E:
Phil Webb
T: M: E:
Subject to Contract
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Monthly repayment
£2,126 per month
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