Retail premises for sale

5 & 5A Hilderstone Road, Meir Heath ST3

Description

A mixed-use investment opportunity comprising a semi
detached building, providing a commercial barbershop to
the front, together with a self-contained, three-bedroom
semi-detached dwelling to the rear. The residential
accommodation benefits from its own separate access
and private off-road parking, which provides a clear distinction
between the commercial and residential elements. The
property is of traditional brick construction with rendered
elevations and has been subject to multiple extensions to the
rear, providing additional living accommodation within the
residential dwelling. The property occupies a prominent
position and offers an attractive opportunity for those seeking
a combined commercial and residential investment.

Location

5 Hilderstone Road is located within the established residential
area of Meir Heath, to the south-east of Stoke-on-Trent. The
property benefits from good access to local amenities and
public transport, with the A50 and A500 providing convenient
connections to Stoke-on-Trent, Derby and the wider regional
road network.

Services

All services are available to the residential accommodation and
are separately metered. The barber shop benefits from
separately metered water and electricity and is heated by
electric heaters. No services have been tested by the Agent.

Tenancy Details

The barbershop (no 5a) is currently occupied by the vendor
who upon completion of the sale, will enter into a 5 year iri
lease at a rent of £5,400 pa. The vendor has been trading as a
hairdresser from this address for 26 years.

The residential aspect (no 5) is currently let at £1,050 pcm
(£12,600 pa) by way of a periodic tenancy.

VAT

The sale price is not subject to VAT.

Viewings

As both units are occupied, viewings can be arranged but only
at certain times.

Tenure

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

Accomadation

5 Hilderstone Road
Ground floor
Reception Room 232 sq ft
Kitchen - 60 sq ft

First floor
Bedroom 1- 135 sq ft
Bedroom 2- 120 sq ft
Bedroom 3 - 58 sq ft
Bathroom - 43 sq ft
NIA: 648 sq ft

5a Hilderstone Road
Sales area- 303 sq ft
Staff room - 45 sq ft
W/C ----

NIA: 348 sq ft

Business Rates

Rateable Value: £3,700
The commercial tenant is responsible for business rates.

Council Tax

Band A
The residential tenant is responsible for council tax.

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.