Lot
021
Auction: June 2023 Online Auction 21/06/2023 - Bidding opens Tuesday 20th June 10:00 AM

Flat 366, Q Studios, North Street, Stoke-On-Trent, Staffordshire, ST4 7FA

Property Details
Location
Auction Details
Description
A leasehold investment opportunity comprising a student pod within a purposely developed student accommodation building on the edge of Stoke Town Centre. The property is currently let until June 2023 at £4642 on a 9 month contract.
Location
Q Studios is a purpose built student development fronting onto North Street close to its junction with Shelton Old Road and a short walk from Staffordshire University Campus. A number of amenities and facilities are available locally including Stoke Train Station which sits 0.5 miles away. Hanley Town Centre lies 2 miles to the north.
Tenure
The property is sold leasehold with a remaining term of 248 years.
Tenancy
The property is let on an AST dated 27th September 2022 to 3rd June 2023 at £130 p/wk equivalent to £4642 for the duration of the contract. The property is currently opted in to a rental 'pool' system in which the total rent received for all (opted-in) flats is distributed to the landlords, regardless of whether their own property is rented or not. A passing rent is therefore guaranteed under this scheme and we are advised by the vendor that the building is currently 100% occupied.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 20TH JUNE AND CLOSES ON WEDNESDAY 21ST JUNE.

3. Energy Performance Certificate = B.

4. We are advised the building was constructed in 2021 and is currently fully occupied.

5. We are advised the building has recently achieved Right-to-Manage status.

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