Investment property in Penkhull

An opportunity to purchase this unique two storey building with a variety of uses, within Penkhull. Built in approximately 1920's the property was originally a Co-op on the ground floor with social club above, but has since been used as a launderette and most recently a recording studio. In 2007 there was planning permission granted for change of use of ground floor to dwelling and elevation, alterations with conditions under application 47443/FUL. Some renovations and conversion work has been started but due to unforseen circumstances the works have ceased, leaving a wide range of opportunities. The first floor is mainly partition walls and has a suspended ceiling with considerable space above, which may allow for additional conversion. The property benefits from 3 phase electric and has 4 separate consumer units, to assist with internal split. Oxford Street is located off Honeywall which gives access to A52 leading into Newcastle town centre, Stoke town centre and the A500 which provides access to the majority of the Stoke-on-Trent towns and runs between J15 and J16 of the M6. Ground Floor comprises retail space (642 sq ft / 59.66 sq m), middle room (387 sq ft / 35.96 sq m), lounge/kitchen (173 sq ft / 16.08 sq m), rear room (68 sq ft / 6.28 sq m), and shower room (46 sq ft / 4.26 sq m). First Floor comprises recording studio with kitchenette and W.C. (approx. GIA 642 sq ft / 59.66 sq m), kitchen/lounge (314 sq ft / 29.13 sq m) with mezzanine, and further room (278 sq ft / 25.86 sq m) with door onto metal balcony and fire escape. Outside includes an enclosed yard to the side with door and access to the cellar. Total area is approximately 2,550 sq ft (236.89 sq m). All mains services are available subject to any reconnection. There is no gas supply within the building but we have been advised there is a capped off connection outside the property.