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Industrial Investment Opportunity, Johnstone's Trading Estate, Broad Street, Hanley, Stoke on Trent, ST1 4NH

0.87 acres / Industrial / Investment

For Sale

Sold - Last updated: 22 December 2021

An established trade counter development comprising 4 portal framed units, two of which have been internally connected. The units are of portal frame construction with part masonry and metal profile clad elevations supporting a pitched metal profile clad roof with approximately 15% skylight coverage. There is a central courtyard area, accessed off Slippery Lane and finished in concrete hardstanding fronting all of the units. The development is prominently located with frontage to Broad Street (A5006) and is also highly visible from the city centre ring road, Potteries Way (A5008).

Location

The site is located to the south of the city centre within 20 yards of the junction between the A5006 and the A5008 and is diagonally opposite the new Smithfield Business Centre where new office, residential and hotel accommodation has been built. The A5008 provides access to the A53 which leads to the A500 dual carriage way linking Junctions 15 and 16 of the M6.

Accommodation

Unit A: Vacant A semi detached unit with own parking area to the front. GIA: 2,410 ft.² (224 m²)

Unit B: Occupied by Johnstone’s A semi detached unit occupied by Johnstone's Trading Estate fronting main courtyard. GIA: 5,277 ft.² (490 m²)

Unit C+D: Vacant A pair of internally connected units with extensive mezzanine floor fronting main courtyard. GIA: 8,007 ft.² (744 m²) plus 4,753 ft.² (441 m²) of mezzanine

Site area: 0.87 acres

Terms

The Proposal - The entire site is available freehold and with vacant possession of Units A, C and D. PPG Architectural Coatings Ltd will remain in occupation of Unit B by way of a new full repairing and insuring lease on terms to be agreed. The agents are currently offering Unit A to the market at £150,000 and Units C and D at £500,000. Interested parties are invited to make an offer for the whole site and stipulate terms that PPG would be required to commit to in terms of the lease term and rent.

VAT - The sale price is subject to VAT.

SERVICES - We understand that all mains services are connected. No services have been tested by the agents.

BUSINESS RATES:

Unit A: £9,900

Unit B: £16,000

Unit C+D: £22,750

EPC:

Unit A: Band E – 121

Unit B: TBA

Unit C+D: Band C – 66

TENURE - Available freehold, subject to contract

PRICE - Offers invited

Specification

  • Sale and leaseback trade counter investment opportunity
  • 4 x portal framed units with central courtyard area
  • PPG Architectural Coating's Ltd t/a Johnstone’s decorating centre to remain in occupation of Unit B
  • Significant asset management opportunity

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers invited For Sale Freehold NA NA

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