603 Leek Road, Stoke-On-Trent, Staffordshire ST1 3HQ

A two storey mixed use investment opportunity.

The whole building is let by way of an FRI Lease to A Fistful of Vapes Limited at £10,200 per annum from June 2024 for 5 years.

There is also additional income received via a lease agreement for an advertising board on the side of the property. This generates £62.48 per annum.

The accommodation comprises a ground floor sales area that extends to 360 sq.ft to the rear of which is a walkthrough store providing a further 81 sq.ft leading to a lobby area adjacent to the back door, beyond which is a ground floor bathroom.

On the first floor is a one bedroomed flat comprising a lounge, kitchen, bedroom and shower room. Benefitting from gas central heating and own access.

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 £1,500 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.