Hilderstone Rd 2,938 sq ft Retail Property Stoke On Trent ST3 7NT £95,000 (£32.33/sq ft)

An attractive roadside property of two-storey construction to its main section with a single storey extension to the side. The property is white-wash rendered and lies beneath a pitched tiled roof. Externally, there is a patio area to the side, a large tree-lined grassed beer garden, a field with 6 caravan plug-in points and a car park with space for around 40 vehicles.
The trading area is essentially a large, single L-shaped room, albeit in a series of distinct sections which create a great deal of character. At its heart is a similar shaped timber bar servery. There is a mixture of carpeted, boarded and flagstone f looring with ceiling beams, a double sided fireplace, halfpanelled walls and large patio doors which provide a bright feel, adding to the ambience. In total, it can seat circa 100 covers whilst still leaving space at the bar. Serving this is a large and well fitted trade kitchen, whilst the customer toilets include Disabled/Baby Change facilities.
The private quarters are at first floor level and comprise three double bedrooms (one of which is currently used as an office), a large living room, utility area and bathroom.
The last full year's accounts for the year ended 31st October 2024 which showed a very impressive turnover of £946,704 net of VAT (up 8% on the previous year) with a Gross Profit margin of 61.3%. Even more pleasingly, this filtered through to the bottom line with an Adjusted Net Profit of over £91,000.
The property is occupied by way of a 10 year Full Repairing & Insuring (FRI) lease from Punch Partnerships (now Star Pub Company) with effect from 28th February 2024 at a current rental of £42,500 per annum. The lease is tied for all keg and bottled beers but free-of-tie for up to 50% of cask ales and all wines, spirits and minerals. Rent reviews are five yearly with the next one being due on February 2029.