Studio flat for sale

A prominently located two storey retail premises offered to the market as an income producing investment with the current tenant, A Fistful of Vapes Ltd occupying the whole building by way of an FRI Lease. The ground floor comprises a sales area that extends to 360 sq ft to the rear
of which is a walkthrough store providing a further 81 sq ft leading to a lobby area adjacent to the back door, beyond which is the ground floor bathroom. On the first floor and having separate access is a one bedroom flat comprising a lounge, kitchen, bedroom and shower room and gas central heating. Internally the retail unit benefits from a plastered ceiling with double glazed UPVC frontage and door. The property is being sold with the tenant in situ and is not available with vacant possession.

Rory Mack Associates are now in receipt of an offer for the sum of £100,000 for 603 Leek Road, Stoke on Trent.
Anyone wishing to place an offer on the property should contact Rory Mack Associates on[use Contact Agent Button] before exchange of contracts.

The property is located on Leek Road on the edge of Hanley and surrounded by similar sized retail units including an oatcake shop, barbers and Morrisons Daily. The property is located less than a mile from The University of Stafford and 1 mile from the A500 with easy access to the M6 at junction 15.

Mains water, drainage, gas and electricity are connected. No services have been tested by the agents.

The purchase price is not subject to VAT.

Available freehold, subject to contract and with the benefit of the existing FRI lease.

Rateable Value: £3,900
The tenant is responsible for payment of any business rates liability where applicable.

The property is let to A Fistful of Vapes Limited (Company No. 10417180), at £10,200pa on an FRI lease from 12th June 2024 for 5 years. Copy of the lease available upon request.

There is also additional income received via a lease agreement for an advertising board on the side of the property. This generates £62.48 PA.

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.