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41 High Street, Newcastle under Lyme ST5 1QZ

Description

Exceptional investment opportunity, this appealing freehold former bank is situated in a prime town center location. The basement and ground floor have been refurbished into serviced office spaces which are currently vacant, while the first and second floors house two HMOs. The building retains some of its unique characteristics, including the old bank vault doors located in the basement.

Rothschild HMO occupies the first floor and features 6 fully furnished rooms, each with ensuites, as well as a fully equipped kitchen. Currently, it accommodates 5 residents, with rents of 3 rooms at £600 PCM, 1 room at £630 PCM, and 1 room at £620 PCM.

Darwin HMO is located on the second floor and also includes 6 fully furnished rooms with ensuites, along with a fully fitted kitchen. All fully vacant.

In summary, the ground floor consists of a spacious open-plan office area, complemented by 3 separate offices or meeting rooms. The basement has been transformed into a lobby area featuring a kitchenette, male and female restrooms, 3 additional offices or meeting rooms, and a service room.

The property enjoys a central location at the intersection of High Street and Ironmarket. Nearby retailers include Café Nero, Lloyds Bank, Clarks, SpecSavers, and The Co-op Bank.

Please see below a link to a video of the office spaces:

_https_www.youtube.com/watch?v=MfA1dC1ihjo&list=PLIlW-qdRpvoaS3ZzrgQVMaF28_xRRIFn-&index=4



Occupancy

Part Let Part Vacant

Costs

Auction Details:

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

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

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

• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction 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.

Address

41 High Street, Newcastle under Lyme ST5 1QZ

Guide Price

£475,000+

Key Features

  • Council Tax Band: A
  • Incredible Investment Opportunity
  • Previously Refurbished To A High Standard
  • Two Six Bedroomed HMOs
  • Vacant Offices Over Two Floors
  • Prime Location
  • EPC Rating: Residential: B B Commercial: C
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