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Workshop in Prominent Location, 332 King Street , Fenton, ST4 3DB

4,176 Sq Ft / Industrial / Warehouse

For Sale - £300,000.00

Available - Last updated: 20 January 2021

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 £325,000.

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: £11,000 (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 £18,720 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 £18,720 pa, years 3 and 4 at £19,920 pa, years 5 and 6 at £21,000 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 £300,000

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 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers over For Sale Freehold £300,000.00 NA

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Agency Team

Rory Mack Associates Ltd

01782 365492



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