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Lot 12

Freehold Town Centre Retail Investment with Asset Management Opportunities
6 Week Completion

Situation

Located close to the junction with the pedestrianised Piccadilly in the town centre and being amongst such multiple retailers as Specsavers, McDonald's, Savers, Subway, B&M and a host of independent traders.
The premises are situated within the Cultural Quarter and Hanley Bus Station and the site for the Etruscan Square regeneration (See Note) is only ⅓ mile away.
Stoke-on-Trent lies approximately 32 miles south of Manchester and 42 miles west of Nottingham, enjoying excellent road access to the M6 (Junctions 15 & 16).

Property

A substantial building with frontages on Cheapside and Stafford Street comprising 9 Ground Floor Shops together with a Self-Contained Residential Upper Part (sold-off) on first, second, third and fourth floors.

VAT is NOT applicable to this Lot

FREEHOLD

Note: The Etruscan Square development is backed by the Government's Levelling Up Fund and will be part of the £20M regeneration of the area. This redevelopment will include almost 300 new homes in the city centre as well as a hotel and a multi-purpose arena. The mixed use development is designed to increase footfall within the area and will revitalise the city centre.

VIdeo TOUR

Click here to view the video tour of 3, 5, 9 & 11 Cheapside.

Click here to view the video tour of 33 & 37 Stafford Street.

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*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

3, 5, 9, 11 Cheapside and 29–39 (odd) Stafford Street, Hanley, Stoke-on-Trent, Staffordshire ST1 1HL