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.
Accommodation
NIA: 1,063
Terms
Available freehold, subject to contract and with the benefit of the existing lease and AST.
Specification
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.
COUNCIL TAX
Band A
TENANCY DETAILS
The ground floor is let to an individual T/A Heritage Barbershop at £6,XXXa from 5th October 2023 for 5 years. The first floor residential is rented at £8,XXXa on a 12-month AST with the tenant expressing a wish to remain for another three years. Copies of the leases available upon request.
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.