Mixed Use in Stoke-On-Trent
Harecastle Hotel, Liverpool Road, Kidsgrove, Stoke-On-Trent ST7 1EA
- Lot No: 40
- Property Type: Mixed Use
- Contract Type: Unconditional with Fixed Fee
Guide Price* £775,000+ plus fees
Property Description
A freehold investment comprising of 18 flats and commercial bar. Let at £100,500 per annum. A suburb opportunity offering a great income in a popular and convenient location. The property has a great letting history and offers a gross rental yield of around 13%. Comprising of a ground floor bar/pub let at £8400 per annum. Along with 18 flats offering a selection of studio, one bedroom and two bedrooms. 1x Bar, 5x Studio Flats, 10x One Bedroom Flats and 3x Two Bedroom Flats. The landlord pays for water rates and gas to all flats, and electricity is recovered from most of the flats by way of sub meters. Any flat without a sub meter gets one installed once it becomes vacant. The bar has its own utility supplies and the tenant of the bar pays for all its utility bills. There is also planning permission in place to add a further two flats which would increase the rental income by another £10,000 per annum.
Ground Floor
Bar/Pub - Let at £700 pcm<br>Flat 1: Ground floor, 1 bed - Let at £350pcm<br>Flat 2: Ground floor, 2 bed - Let at £425<br>Flat 3: Ground floor, 1 bed - Let at £450<br>Flat 4 and 5: (planning permission in place)
First Floor
Flat 6: 1st Floor, 2 bed - Let at £475<br>Flat 7: 1st floor, 1 bed - Let at £410<br>Flat 8: 1st Floor, 1 bed - Let at £435<br>Flat 9: 1st Floor, 1 bed - Let at £430<br>Flat 10: 1st Floor, 1 bed - Let at £420<br>Flat 11: 1st Floor 1 bed, Let at £420<br>Flat 12: 1st Floor, 1 bed - Let at £395<br>Flat 13: 1st Floor, Bedsit - Let at £395<br>Flat 14: 1st Floor, 1 bed - Let at £430<br>Flat 15: 1st Floor, 1 bed Studio - Let at £410<br>Flat 16: 1st Floor, 1 bed Studio - Let at £450
Second Floor
Flat 17: 2nd Floor, 2 bed - Let at £475<br>Flat 18: 2nd Floor, Studio - Let at £460<br>Flat 19: 2nd Floor, Studio - Let at £410<br>Flat 20: 2nd Floor, 1 bed - Let at £435
Note
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Freehold
Auction Details
Date 27th July 2023
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
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