1 bed Flat For Sale £335,000
Upper Floors, 2 Broad Street, Hanley, Stoke-on-Trent, ST1 4HL

For Sale By Public Auction on 08 February 2024 starting at 08:30 AM - A Vacant Virtual Freehold (999 Year Leasehold) Property Comprising Of The Upper Floors And Providing 5 Newly Created Modern Apartments
Projected Full Rental Income £39,000 PA



The upper floors of this attractive and highly prominent property have been recently converted to provide a separate communal entrance, and five well presented apartments to include three one bedrooms and two, two bedrooms.

Location
The property is prominently located on the corner of Broad Street and Marsh Street. There are a range of amenities within the vicinity including the Mitchell's Art Centre, the Potteries Museum and Art Gallery and The Regent Theatre. The property is also close to a Tesco Superstore and the Smithfield development, a mix of office, retail, residential and leisure uses including the Hilton Hotel.
Hanley Bus Station is only 0.3 miles from the property and Stoke on Trent Railway Station is approximately 1.3 miles distant.

Energy Performance Rating
See legal pack.

Tenure
The property is a virtual freehold (999 year leasehold) at a ground rent of £1 per annum- Vacant possession upon completion. Full details relating to tenure will be available within the legal pack.

Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.

Viewing Times
Strictly by appointment with the Auctioneers.

Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe’s website.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneer's expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe’s website.