Lot
009
Auction: May 2021 Online Auction 26/05/2021

6 & 8 Pall Mall, Hanley, Stoke-on-trent, Staffordshire ST1 1HP

Property Details
Location
Auction Details
Description
A Town Centre investment opportunity comprising two adjoining properties both of which are currently let producing an rental annual income of £19,250. These attractive period buildings believe to extend to a combined approximate total of 320 SQ M (3,450 SQ FT) and may hold future re-development potential, subject to consents, whilst delivering a net rental yield in excess of 12% (if purchased at our last quoted guide price).
Location
The properties front onto Pall Mall within in an established office location in the City Centre only a short walk from the Cultural Quarter and pedestrianised retail areas. There is a public car park directly opposite.
Accommodation
Pugh & Co have not measured the properties and the NIA have been provided by the joint agent;

6 Pall Mall204 SQ M (2197 SQ FT)
8 Pall Mall116.59 SQ M (1255 SQ FT)

Approx Site Area
Approximately 328 Sq M (392 Sq Yds).
Tenure
Unknown
Tenancy
6 Pall Mall is let on a 5 year tenancy dated 14th March 2017 to Lichfields Reynolds Solicitors at £12,750 per annum.

8 Pall Mall is let on a 3 year tenancy agreement to Screaming Heads Production Company at £6,500 per annum
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 25TH MAY AND CLOSES ON WEDNESDAY 26TH MAY.

Our Nearest Office

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Manchester

Joint Agent

Louis Taylor
Contact: Simon Palmer
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