7 & 15 Piccadilly Arcade, Stoke-On-Trent, Staffordshire ST1 1DL

Two x two storey retail units held on long 999 year leases offered with tenants in situ; both located in a prime position at the entrance to the Piccadilly Arcade, Hanley. Total income £12,000 per annum.

Each unit benefit from external electric roller shutters. The arcades common area also has roller shutters for out of hours security.

There is a quarterly service charge currently £349 covering both units, recharged to the tenants on 50/50 split.

Landlord electric supply, recharged to tenants from submeter readings. Each unit has their own water supply.

We are advised that VAT is not applicable.

Location
Piccadilly Arcade is located within Hanley town centre and comprises a range of shops connecting Trinity Street with Brunswick Street/Piccadilly. Piccadilly is located within the Cultural Quarter with The Mitchell Arts Centre, Potteries Museum & Art Gallery and the Regent Theatre all within close vicinity.

Hanley Bus Station is only 0.3 mile from the property and Stoke-on-Trent Railway Station is 1.3 miles. There is public parking along Trinity Street and a number of public car parks in the vicinity.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.5% inc. VAT of the purchase price (subject to a minimum of £2,500 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.