A detached workshop/trade counter unit of brick elevations supporting a steel truss pitched roof surface extending to 4,176 sq.ft. (GIA) together with a well-proportioned roadside display area with extensive roadside frontage. The premises is currently occupied by an individual, holding over on a Full Repairing and Insuring lease composed outside of the Landlord and Tenant Act 1954 (Sections 24-28), although the tenant has offered to take a new 10 year lease.
Location
The property is prominently located on King Street (A5007) in a mixed commercial/residential area approximately 1 mile to the west of Longton town centre and within approximately 1 mile of the A50 dual carriageway, which connects to the A500, approximately 2 miles.
Accommodation
The industrial unit has an internal width of 103'9" and an internal depth of 40'3" and Totals 4,176 sq.ft. The entire site extends to 9148 sq.ft. (0.21 acres/0.087 ha) on which is comprised 4,972 sq.ft. of prominent roadside display area fronting King Street. For those looking for roadside investment/development opportunities, we also have a property on Bucknall Road, Hanley, ST1 6AJ for sale at offers over £XXX
Terms
SERVICES - We are advised that all mains services are connected to the premises, although this should be confirmed by an interested party. No services have been tested by the agents.
VAT - The sale price is not subject to VAT.
EPC - Band E – Asset Rating 103.
BUSINESS RATES - Rateable value: £XXX (effective 1.04.17)
PLANNING - Currently used as a car wash with ancillary workshop. We understand that the premises retains its ongoing B2 (General Industrial) Use Class Order.
LOCAL AUTHORITY: Stoke-on-Trent City Council 01782 232372 - planning department.
TENANCY - The property is currently occupied by an individual who is holding over via a Full Repairing and Insuring lease outside the Landlord and Tenant Act 1954 (Sections 24-28). The passing rent is set at £XXX pax. However, the tenant has offered to take a new 10 year lease on similar lease terms with the rent in years 1 and 2 at £XXX pa, years 3 and 4 at £XXX pa, years 5 and 6 at £XXX pa and with a rent review at the end of year 6 to RPI or Open Market Value (whichever is the greater).
TENURE - Available freehold, subject to contract.
PRICE - Offers over £XXX
Specification
- Prominently located Workshop/Trade Counter unit with roadside display area fronting King Street
- Total site area 0.21 acres with a 4,176 sq.ft. (GIA) unit
- Prominent location on A5007 with 104 feet of roadside frontage
- Currently income producing with agreement in principal for new lease
- 2016 daily statistics state that 17,767 cars drive past the site per day
- Business unaffected