* Freehold
* Fully Let Investment
* Producing £17, 950 pa
* Town Centre Location
* Prominent modern building
* 1565 Sq ft (145. 39 Sq m)
Outstanding town centre Investment producing £17, 950 per annum from two
established businesses. The ground floor consists of a prominent retail
frontage with spacious shop accommodation, whilst the first floor offers
extensive and well appointed modern office space. The property would suit
either a private investor or a sipp purchase.
**Description**
Fully let investment, consisting of a prominent, modern two storey property,
with ground floor retail unit, first floor offices and a dry cellar running
the entire length of the property which provides excellent storage facilities.
Both units are self - contained, having their own entrances, WCs and staff
welfare facilities. The property benefits from central heating and air -
conditioning throughout.
Offered as a fully let investment, this property will appeal to investors
seeking commercial opportunities for their property portfolio or sipp. Full
details of the rental income and leases are noted under 'Tenure'.
**Location**
The property is located on the busy junction where High Street, Lichfield Road
and Stafford Street meet. The premises are visible from both High Street and
the traffic lights on Stafford Street. Sat Nav users should use post code ST15
8AW.
**Accommodation**
Ground floor
Sales: 629 Sq ft (58. 47 Sq m)
Office: 172 Sq ft (15. 94 Sq m)
Staff Room: 43 Sq ft (3. 98 Sq m)
**WC**
NIA: 844 Sq ft (78. 39 Sq m)
**First floor**
Front Office: 288 Sq ft (26. 76 Sq m)
Middle Office: 218 Sq ft (20. 25 Sq m)
Rear Office: 169 Sq ft (15. 70 Sq m)
Kitchen: 30 Sq ft (2. 79 Sq m)
Male and Female WCs
Store: 16 Sq ft (1. 49 Sq m)
NIA: 721 Sq ft (66. 98 Sq m)
**Services**
All mains services are available subject to any reconnection which may be
necessary.
**Planning**
Bjb recommend that potential occupiers make their own enquiries to the local
authority in order to satisfy themselves that their proposed use is authorised
in planning terms.
**Rating**
The voa website advises the rateable value for 2022 /2023 for the ground floor
is £11, 750, and for the first floor £6, 200. The standard non - domestic business
rates multiplier is 49. 3p. The small business multiplier is 51. 2p up to a
rateable value of £51, 000. Small Business may benefit for upto100% on premises
with a rateable value of up to £12, 000 and a tapered relief for rateable
values between £12, 000 and £15, 000.
Bjb recommends interested parties make their own enquiries into the business
rate payable and any further business rate relief which may be available.
**Tenure**
Freehold, subject to the following leases:
Ground Floor - A new lease (Renewal) to Cats Protection Trustee Limited
3 years from 5th August 2022 at £11, 950 pa
First Floor: A new lease to London Stone Paving Ltd
5 years from 18th June 2021 at £6, 000 pa
**Covenant Information**
Cats Protection Trustee Limited
Incorporated: 15th December 2008 (13 years, 8 months)
Accounts Info: Total Exemption Full
Delphi: No Info
Risk: No Info
London Stone Paving Ltd
Incorporated: 28th December 2005 (16 years, 7 months)
Delphi: 100
Risk: Very Low Risk
**Proof Of Identity**
To comply with Money Laundering Regulations, on acceptance of an offer for
purchase or letting, the buyer or prospective tenant will be required to
provide identification to Butters John Bee. Where a property is due to go to
auction, all bidders will be required to register prior to auction.
**Legal Costs**
Each party is to be responsible for their own legal costs incurred in
connection with the sale / purchase of the property.
**Viewing**
Strictly by appointment via bjb commercial, Suite 1, Albion House, No. 2
Etruria Office Village, Forge Lane, Festival Park, Stoke - on - Trent, ST1 5RQ
Telephone . Opening hours are 9. 00 - 5. 30pm, Monday to Friday.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: