Thornton House is a period detached office premises arranged over ground and 1st floor offering a range of serviced offices, all of which are superbly presented. There is plenty of onsite car parking to the front and rear of the property which is conveniently located in the leafy outskirts of the city centre.
Location
As referenced on the attached plans the property is clearly visible from Cemetary Road, which links to Shelton New Road and Stoke Road and is approx 1 mile to the south of Hanley city centre. The A500 is within 1 mile, which provides access to the A50 and Junctions 15 & 16 of the M6.
Accommodation
Grd Floor Size (sq ft) Status
Office 1 238 let
Office 2 318 let
Office 3 354 let
Office 4 286 let
Office 5 958 let
Office 6 348 let
1st Floor
Office 7 178 £XXX
Office 8 254 £XXX
Office 9 352 let
Total NIA 3,286
Terms
INVESTMENT DETAILS
As referenced above the majority of the property is occupied and is currently producing a gross income of £XXX pa, with potential to be increased to circa £XXX pa when fully occupied. When fully occupied running costs, including Rates account to circa £XXX pa providing a gross profit of circa £XXX
VAT
Sale price is not subject to VAT.
SERVICES
All mains services are connected. Gas fired central heating system installed throughout. No services have been tested by the agents.
BUSINESS RATES
The property has two Rateable Values:
Thornton House: £XXX
Rear Office, Thornton House: £XXX
TENURE
Available freehold, subject to contract and the existing Licence Agreements in place at date of disposal.
Specification
- Commercial investment property
- Superbly presented serviced office building with circa 30 car spaces
- 9 individual office suites totaling 3,286 sq ft (nia)
- Currently producing a gross income of £XXX pa
- Income potential of circa £XXX pa when fully let
- Convenient location with excellent road connections