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£250,000
Three-Storey Mixed-Use Investment - Prime Town Centre Location
A rare chance to secure a fully versatile, income-producing property with enormous future potential. Located in the heart of Stoke Town Centre, surrounded by major national brands and excellent transport links.
Whether youre looking for a steady rental return or a value-add project, this building offers both immediate income and exciting development options.
Property Overview:
?? Ground Floor:
Currently let to a long-established carpet retailer (providing secure rental income).
Layout includes 1,678 sq.ft. of sales area, a 40 sq.ft. store, a 78 sq.ft. kitchen, and W.C. facilities.
EPC Rating: Band E (108)
?? First Floor (VACANT):
Previously operated as a dance studio and caf?/restaurant (up to 40 covers).
Comprising three large rooms (550 sq.ft., 375 sq.ft., and 553 sq.ft.).
Huge flexibility for alternative uses - office space, bar, restaurant, or conversion to 2-3 flats or a large HMO (subject to planning).
EPC Rating: Band D (76)
?? Second Floor:
A spacious 3-bedroom self-contained flat.
Living Room/Kitchen (490 sq.ft.), Bedroom One (262 sq.ft.), Bedroom Two (155 sq.ft.), and Bathroom.
Currently let, adding another stream of income.
EPC Rating: Band C (80)
Location Highlights:
?? Positioned in a prime location within Stoke Town Centre.
?? Close to high-profile neighbours such as Sainsburys and JD Wetherspoon.
?? Superb transport links:
Only 0.5 miles from the A500 ('The D-Road')
Just 1 mile from the A50 leading towards Derby and M1
Excellent local bus routes and easy rail access nearby
Key Selling Points:
? Immediate rental income from ground floor and second floor
? Vacant first floor ready for new letting, redevelopment, or conversion
? Great location for commercial and residential demand
? Highly visible, high footfall position in busy town centre
? Opportunity to significantly increase yield through creative re-use or redevelopment
INVESTOR ALERT!
Fully let? Part-conversion? Full redevelopment? You choose.
STP = Subject to Planning Consent.
Dont miss this chance to own a highly versatile, future-proof asset!
?? For more information or to book your viewing, contact us today!
Tenure: Freehold
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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