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Investment Opportunity, 301 Waterloo Road, Burslem, ST6 3HU

8,674 Sq Ft / Industrial / General Industrial

Withdrawn - Last updated: 27 August 2014

Highly prominent investment or re-development opportunity.

Location

The property is situated at the junction of the A50 and A52 1.5 miles equidistant between the city centre of Hanley and market town of Burslem in an area of mixed
industrial and residential uses. Notable occupiers in the vicinity include Mercedes Benz and Magnet.

Accommodation

The total site area is 0.27 acre with road frontage to Waterloo Road of 130ft (40m) and frontage to Elder Road of 164ft (50m).

Terms

Guide Price
£350,000 (three hundred and fifty thousand pounds), subject to contract.
VAT
The sale will not be subject to VAT.
Services
Please note that no services have been tested by the agents.
Tenure
Freehold, subject to contract. The property may be sold with the benefit of the existing leases or with vacant possession subject to the serving of the landlords
formal break notice. Copy leases will be available upon request.
Investment
The total rental income is currently £24,400 per annum. The vacant trade counter is being marketed To Let at £8,000 pa. The lease on the garage offers the landlord a rolling break option subject to no less than 6 months notice. The remaining accommodation is let to a party which is connected to the landlord. Therefore, there is an opportunity to obtain vacant possession of the whole site for owner occupation or re-development purposes.

Specification

  • Prominent investment property
  • Suitable for re-development
  • Rental income of £24,400 pa
  • Vacant trade counter ERV £8,000 pa
  • Vacant possession can be obtained
  • GIA 8674 sq ft (805 sq.m.)

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