Initial price	£895,000
02/04/25	£845,000
Price Change	-5.59%

This is a freehold multi-let mixed-use investment property located in Longton, Stoke on Trent. The property comprises a commercial unit trading as an independent public house, with 8 flats above. The commercial unit is let for 5 years at £30,000 per annum, while the flats are let on Assured Shorthold Tenancy Agreements at monthly rents ranging from £450 to £550. The total rental income is £77,340 per annum. The property has been refurbished to provide modern accommodation, with each flat having its own entrance lobby, living room, kitchen, bedroom, and ensuite. The property is located in a popular residential area with a thriving town centre, bus station, and train station, and has easy access to the major road network. The asking price is £845,000, reflecting a net initial yield of 8.74% and an overall rate of £1,550 per square meter.