Property Information
Address:
8 Brunswick, Newcastle-under-Lyme, Staffordshire
, ST5 1HL
, Staffordshire
, england
Price: Property no longer available.
Size: 1063 sq ft99 sqm
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH683497
Property Ref/Agent: C02626
*Please use the agent ref when calling the agent directly.
Property description
• Mixed use investment comprising established barbershop and apartment
• Commercial let on a 5 year lease at £6,900pa, residential at £8,100pa
• Residential tenant has expressed wish to remain in the property for the next 3 years
• Total NIA: 1,063 sq ft
• EPC: TBC
GENERAL DESCRIPTION
An attractive Victorian mid terrace, mixed use building of
brick elevations with pitched roof. The property has a
prominent position on the A52, one of the principal roads
between Newcastle and Hanley. The building is being sold
as an income producing investment with both elements
occupied with longstanding tenants. Heritage Barbers have
been in occupation since November 2013 and have recently
signed a new 5 year lease. The spacious first floor apartment
has its own entrance and has been occupied with the same
tenant for the last two years. The tenant has expressed interest
in remaining for another 3 years. The entire property is very
well looked after and is presented in excellent condition. The
building briefly comprises a barbershop with sales, seating
area, staffroom, kitchen and welfare facilities with small yard
to rear. The apartment comprises a bathroom, kitchen, lounge
and large master bedroom. The building benefits from double
glazed UPVC windows with a combi boiler located on the first
floor.
LOCATION
The property is located in a mixed use area on the outskirts of
Newcastle-under-Lyme town centre and benefits from on
street parking in front of the property. Newcastle is located just
off junction 15 of the M6 motorway and is around 2 miles from
Stoke on Trent and Hanley.
SERVICES
All main services are connected. Gas fired central heating is
only present on the first floor. No services have been tested by
the agents.
VAT
The sale price is not subject to VAT.
TENURE
Available freehold, subject to contract and with the benefit of
the existing lease and AST.
BUSINESS RATES
Rateable Value: £6,600
The tenant is responsible for payment of any business rate
liability where applicable.
COUNCIL TAX
Band A
TENANCY DETAILS
The ground floor is let to an individual T/A Heritage Barbershop
at £6,900pa from 5th October 2023 for 5 years. The first floor
residential is rented at £8,100pa on a 12-month AST with the
tenant expressing a wish to remain for another three years.
Copies of the leases available upon request.
ACCOMMODATION
Ground Floor: First Floor:
Sales area: 289 sq ft Lounge: 183 sq ft
Mid sales: 130 sq ft Kitchen: 91 sq ft
Staff room: 70 sq ft Bedroom: 171 sq ft
Kitchen: 47 sq ft Bathroom: 70 sq ft
Store: 12 sq ft Total: 515 sq ft
WC --
Total: 548 sq ft
Total NIA: 1,063 sq ft
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
;