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Industrial Investment Premises, For Sale By Auction on 28th April 2022, 23 Hamil Road, Burslem, Stoke-on-Trent, ST6 1AJ

15,590 Sq Ft / Industrial / Investment

For Sale - £450,000.00

Sold - Last updated: 13 June 2022

The property briefly comprises a detached industrial premises of steel frame with brick elevations supporting pitched roof surfaces positioned in a very prominent location on the outskirts of Burslem town centre and next door to Port Vale Football Club. The property is currently subdivided into three self-contained areas, all of which are let out together with an area of the rear yard. To the front of the property are two office/showroom areas which provide excellent trade counter opportunities for future occupiers.

The property is positioned towards the front of a 1.1 acre site which is securely fenced and accessed from both the front and rear with the yard surface finished in a combination of concrete hard-standing and tarmac.

Location

The property is prominently located on the northern outskirts of Burslem town centre and has an extensive frontage to Hamil Road and is immediately next door to the Port Vale Football Club. The property has excellent road connections with Hamil Road leading onto Moorland Road (B5051) which provides direct access to the A500 dual carriage way at Porthill (1.4 miles).

Accommodation

Historically, the property has been subdivided into numerous units however, in its current arrangement there are four principal and areas each which are let out separately.

Unit 1:
Showroom/office area to the front with warehouse and manufacturing accommodation to the rear.
GIA: 9,525 sq ft

Unit 9:
Lock-up storage unit which is accessed from Unit 1 presently let to the same tenant.
GIA: 1,505 sq ft

Unit 2:
Showroom/office to the front together with warehouse and first floor storage (999 sq ft).
GIA: 3,364 sq ft

Unit 7:
Workshop together with office accommodation.
GIA: 1,196 sq ft

Total GIA: 15,590 sq ft

Terms

SERVICES - All mains’ services are connected and separately metered and are the responsibility of the tenants to discharge. No services have been tested by the agents.

VAT - The purchase price will be subject to VAT.

BUSINESS RATES - There are multiple Rateable Values:

Protective Tapes, Hamil Road (Unit 1) £27,250

Unit 8 @ 23 Hamil Road (part of Unit 1) £1,775

Unit 6 @ 23 Hamil Road (part of Unit 1) £2,125

Unit 7 r/o 23 Hamil Road £3,650

Unit 2 @ 23 Hamil Road £8,300

Unit 10 @ 23 Hamil Road (part of Unit 2) £6,000

Business rates are the responsibility of each respective tenant.

EPCs - There are two EPCs relating to the site:

Protective Tapes UK Ltd @ 23a Hamil Road: 102 (Band E)

Joey's 'n' Em's Home Essentials @ 23 Hamil Road: 82 (Band D)

TENURE - The property is available freehold, subject to contract and with the benefit of those tenancies in place at date of completion.

GUIDE PRICE - £450,000

ANTI MONEY LAUNDERING REGULATIONS - In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.

TENANCIES/RENTAL INCOME:

Unit 1: Protective Tapes (U.K.) Ltd £31,800 5-year lease exp Jan 2025 (Reg no: 01706334) no breaks/FRI

Unit 9: Protective Tapes (U.K.) Ltd £4,200 Tenancy at Will (Reg no: 01706334)

Unit 2: David Joyce £6,000 Tenancy at Will

Unit 7: Neil Proudman £1,800 Tenancy at Will

Yard (part of) Boden Roofing Ltd (Reg no: 05763712) £3,000 Tenancy at Will

Total Rent Roll: £46,800

Specification

  • Industrial/Trade Counter investment premises with main road frontage
  • Multi-let premises extending to 15,590 sq ft in 1.1 acre site
  • Currently producing £46,800 pax which equates to a low rental of just £2.80 per sq ft
  • Significant asset management opportunities and scope to increase rent roll
  • Located next door to Port Vale Football Club on Hamil Road

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £450,000.00 NA

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