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Victoria House, Victoria Square, Stoke-on-Trent, ST1 4JH

7,153 Sq Ft / Other / Investment

For Sale - £695,000.00

Available - Last updated: 09 April 2025

Summary

A large building of brick elevations and pitched and flat roof coverings located just off the Ring Road in Hanley city centre. This former hotel has been tastefully converted to create a large, modern restaurant on the ground floor and a separate HMO style living quarter on the first and second floor with 15 bedrooms, most with en-suite bathrooms and additional lounges and kitchens. The property benefits from gas central heating, UPVC double glazed windows and a car park to the rear. The ground floor has been extensively renovated to create a high-end fusion restaurant which opened Spring/Summer 2024. The restaurant has over 100 covers and features private raised seating areas, a large kitchen with utility, large ladies and gents’ toilets and a feature bar area with wide screen TVs. The separately accessed first and second floor is laid out as HMO featuring 11 en-suite bedrooms, 2 bedrooms with separate bathroom, a large living area, 2 kitchens and fire escape to the rear car park. There is also a separate managers house/annex which is effectively a 2-bedroom terraced property at the rear of the larger building. Due to the increase in care assisted living this building will continue to appeal to businesses looking to house a large number of people in one place. At the end of the current lease, the owner could look to negotiate a new lease or advertise the building to let to another care company on a single commercial lease.


Key Points

  • Town centre investment opportunity, fully let on 5 year lease at £72,000pa rising to £75,000 in year 2 (July 2024) and £78,000 in year 3
  • Ground floor opened as a fusion restaurant Spring/Summer 2024
  • First floor operating as supported living accommodation
  • Total GIA: 7,153 sq ft
  • EPC: TBC

  • Services

    All main services are connected. No services have been tested by the agents


    Tenure

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


    Accommodation

    Ground Floor Restaurant:
    Including five dining areas, multiple kitchen and prep areas, ladies, gents and disabled toilets and internal corridors and walkways.
    Total GIA: 3,431 sq ft
    First Floor Living Accommodation:
    Including eight en-suite bedrooms, two bedrooms, one bathroom, two kitchens, one living area, internal storage and two internal staircases.
    Total GIA: 2,674 sq ft
    Second Floor Living Accommodation:
    Including three en-suite bedrooms, one kitchen and internal corridor.
    Total GIA: 543 sq ft
    Separate Anex Accommodation:
    Including lounge, kitchen, two bedrooms and shower room.
    Total GIA: 505 sq ft
    Overall GIA: 7,153 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 need to see proof of funds.

    Location

    Victoria House is located on Broad Street, just off Potteries Way, the ring road which runs around Hanley centre. The property is easily accessible from junction 15 of the M6, around 4 miles away and the A500 and A50 in and out of Stoke on Trent.

    Property Quote Price(s)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £695,000.00 NA

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    Contact agents

    Blair Stuart

    Rory Mack Associates Ltd

    01782 365190

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