Mixed use for sale
Features and description
- Tenure: Freehold
- To be sold under auction terms
- Commercial property
- Reportedly generating £8400 per annum
- Selling the whole freehold title
- Scope to redevelop stpp
- Central location
TO BE SOLD BY ONLINE AUCTION ON 22ND JANUARY 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
241-245 London Road, Stoke-On-Trent ST4 4AA
A prominent freehold mid-terrace property boasting excellent visibility from London Road – sold as one freehold offering two separate commercial units with potential to create a residential dwelling subject to planning permission. One unit currently vacant.
Conveniently located within walking distance to amenities that Stoke has to offer. Not only does it provide a lucrative rental income, but it also holds promising potential for further development. The upper floor could be converted into a one bedroom flat, subject to relevant planning permission.
Located just a short distance from Stoke-on-Trent city centre, this property benefits from excellent connectivity and accessibility. With a variety of shops, local amenities, and the bustling town centre all within easy reach, everything you need is practically on your doorstep. The nearby train station offers convenient transport links, making this an ideal choice for those who commute or enjoy exploring the surrounding areas.
The upper floor of the freehold has been sold off on a long lease. Leaseholder will pay peppercorn ground rent and service to the freeholder of 241 - 245.
Potential rental values in the area are in the region of £1,350 per month.