A late Victorian end of terrace property comprising a self-contained retail premises together with a one bedroom ground floor flat and a first floor one bedroom flat, all of which are occupied collectively producing £12,600 pa.

LOCATION
The property is prominently located at the junction of South Terrace and Dimsdale Parade East in a predominantly residential area approximately ½ of a mile from the centre of Wolstanton. Newcastle town centre is approximately 1 ½ miles to the South.

DESCRIPTION
A late Victorian end of terrace property comprising a self-contained retail premises together with a one bedroom ground floor flat and a first floor one bedroom flat, all of which are occupied collectively producing £12,600 pa. The property has been well maintained and occupies a prominent location in an established residential area and has always let very quickly whenever any of the units have become vacant. There is also a double garage to the rear which has income potential.

ACCOMMODATION
No 2 (Shop):
Sales Area: 160 sq. ft.
WC: –

No 2a (1st floor flat): Ground floor entrance hall with store to landing, Bedroom (12’9” x 10’4”), Living Room (11’11 x 12’6”), bathroom (5’0” x 6’4”), kitchen (9’8” x 8’0”).

No 2b (Grd floor flat): Kitchen, bathroom, bedroom, bathroom.

SERVICES
Mains services are all connected and each property is separately metered. 2b has gas fired central heating. 2a has electric night store heaters. Please note that no services have been tested by the agents.

TERMS
Available freehold, subject to contract and the existing leases/Shorthold Tenancy
Agreements in place at completion.

VAT
The sale price is not subject to VAT.

OTHER
TENANCIES
No 2:
Let to Kasim Allen and Steve Bailey by way of an IRI Law Society lease from 01/02/2016 expiring 31/01/2019 at an annual rent of £3,600 p.a.

No 2a:
Let to a Robert Parsons by way of a Shorthold Tenancy Agreement for six months from 20th Jan 2017 at £375 pcm.

No 2b:
Let to Alan Burgers Ltd by way of a Shorthold Tenancy Agreement for six months from 7th Feb 2017 at £375 pcm.

EPC
No 2: Band D (Asset Rating 95)
No 2b: Band F (Asset Rating 30)
No 2a: Band F (Asset Rating 30)

2 South Terrace,
Newcastle-under-Lyme
ST5 8BY
  • Residential Investment
  • Commercial Investment

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