Price £390,000

Rates Payable Upon Enquiry

EPC Rating This property has been graded as E

Description

The property provides a three storey mixed commercial and residential building of traditional construction with brickwork elevations under a pitched slate roof along with rear yard.

Ground floor: 765 Sq.ft overall comprising:-
Main front sales: 365 Sq.ft - 18’4’’ width x 19’9’’ depth.
Mid sales: 20 Sq.ft - 2’4’’ x 8’2’’.
Rear sales/fitting rooms: 180 Sq.ft - 10’10’’ x 16’2’’ plus 1’10’’ plus 3’3’’.
Rear corridor: 90 Sq.ft overall.
Kitchen/staff room: 80 Sq.ft - 10’2’’ x 7’10’’.
Storage cupboard: 30 Sq.ft - 2’11’’ x 10’2’’.

First floor flat 1: 400 Sq.ft - Kitchen/diner: 192 Sq.ft, Bathroom: 37 Sq.ft, Bedroom: 92 Sq.ft, Bedroom: 54 Sq.ft, Landing 25 Sq.ft.

Second floor flat 2: 305 Sq.ft - Kitchen/diner: 150 Sq.ft, Bathroom: 35 Sq.ft, Bedroom: 70 Sq.ft, Landing: 50 Sq.ft.

RV/Council Tax

14 High Street RV: £13,000.
Flat 1 High Street: Band A - £1,557.89 payable.
Flat 2 High Street:Band A - £1,557.89 payable.
Small Business Rates Multiplier 2026/27 49.9p.
Stone Town Council 01785 619740.

Tenure

We understand that the property is Freehold.
Title Number: TBC.

Price/Income/VAT

£395,000 SUBJECT TO CONTRACT. - VAT not payable
Projected fully let income: £32,040 - 8.2% yield.

Tenancy Agreements

Ground floor 14 High Street: Let for 5 years from November 2025 subject to a passing rent of £15,000 pax with a Tenant break at year 3 and rent review at year 3.

Flat 1: Let on an APT for £725pcm/£8,700pa.
Flat 2: Let on an APT for £695pcm/£8,340pa - Vacant.

EPC

14 High Street: E.
14a High Street: C.
14b High Street: C.

Utilties

Mains services are available including electricity, water and drainage.

Planning

We understand the property benefits from E/C3 uses. Buyers to make their own enquiries.

Legal Costs/Conditions

Each party to pay their own legal costs.
Subject to Contract.