Property description
For sale by Modern Method of Auction: Starting Bid Price £240,000.00 plus Reservation Fees. A mixed use investment opportunity, a short drive from Stoke town centre and Staffordshire University. The property includes two ground floor units, occupied by a beautician and a micropub, with eleven bedroom student accommodation over both, and a separate office unit to the rear. The student accommodation currently has eight rooms let at a rental of £2,318 per calendar month with the potential for further income if the remaining three rooms are let. Leases have been granted on all three commercial units, with the beautician at £4,000 P.A., (£333.33 pcm) rising to £5,000 (£416.67 pcm) after one year, and the micropub and rear offices let at a total of £7,000 P.A. (£583.33 pcm). Accordingly, the current rental income for the property is £3,235 per calendar month, with a potential for further income when fully let. Please see our full terms for a more detailed breakdown of these figures. Rental information was provided 24/03/2016 and may be subject to change; please ask for an up to date rent schedule. To view our auction properties, go to our website at www.keateshulme.co.uk and click 'auction'. This property is for sale by The West Midlands Property Auction powered by iam-sold.
Property Features :
- Mixed Use Investment. Current Income £19,855.00 PA, Potential £51,546.85. ALL EPCS AVAI
- For Sale By Auction - T & Cs Apply
- Subject to an Undisclosed Reserve Price
- Reservation Fee Applicable
- The Modern Method of Auction