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Mixed Use Commercial Investment, Crown House, Oldmill Street, Stoke, ST4 2RP

10,293 Sq Ft / Offices

For Sale - £325,000.00

Under Offer - Last updated: 18 July 2023

Crown House is a two-storey triangular shaped building of brick elevations supporting various pitched and flat roof surfaces and is subdividing into a number of self-contained workshops, studios and offices. Accessed through an arch, forming part of the frontage, is a central courtyard area providing a loading and carparking area and access to a number of the units. The property has been subject to a number of improvements over the years and the currently vacant office suite has recently been extensively refurbished and is available for immediate occupation. With the exception of one of the tenants, all of the tenants have entered into lease agreements, some of which are due to be renewed, which creates asset management opportunities where rents are below market value, thus increasing the rental income. 

Location

Crown House is a prominently located premises of white rendered elevations set back slightly from City Road (A52), although highly visible, and is within approx. 50 yards of the A500 dual carriageway which has direct links to Junctions 15 and 16 of the M6 and the A50. Stoke town centre is approx. ¼ of a mile to the west.

Accommodation

Unit 1 Café - Ground Floor:

Kitchen - 230 sq ft

WC

Total - 230 sq ft

Units 2, 4 & 5 Offices:

Ground Floor - Offices x 4 - 717 sq ft

First Floor - Offiuces x 2 - 238 sq ft

M & F WCS

Total - 955 sq ft

Unit 3  Workshop - Ground Floor

Reception 73 sq ft

Offices x 2 - 173 sq ft

Workshop 930 sq ft

Kitchen - 124 sq ft

WC

Total 1,300 sq ft

Unit 6 Studio - First Floor

Room 1 - 76 sq ft

Room 2 - 144 sq ft

Room 3 - 754 sq ft

Total - 974 sq ft

Unit 7 Studio First Floor

Room 1 - 300 sq ft

Room 2 - 200 sq ft

Reception - 142 sq ft

Studio 1 - 338 sq ft

Studio 2 - 369 sq ft

Studio 3 - 382 sq ft

Studio 4 - 333 sq ft

Studio 5 - 278 sq ft

Studio 6 - 278 sq ft

Studio 7 - 194 sq ft

WC

Total - 1,468 sq ft

Unit 8 Lock-up - Ground Floor

Store room - 1,069 sq ft

Unit 9 Workshop - Ground Floor

Store room - 821 sq ft

Unit 10 Lock-up - Ground Floor

Store room - 174 sq ft

Unit 12 Lock-up - First Floor

Store room - 488 sq ft

TOTAL - 10,293 sq ft

Terms

SERVICES - All mains services are connected and individually metered with individual tenants being responsible for their own utility costs. No services have been tested by the agents.

VAT - The sale price is not subject to VAT.

BUSINESS RATES - Each property is separately assessed for Business Rates and each tenant is responsible for their own rates. All rateable values are below £12,000 enabling occupiers to claim Small Business Rates Relief.

TENURE - Available freehold, subject to contract and with the benefit of the leases in place at date of completion.

PRICE - £325,000

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 where appropriate we will also need to see proof of funds.

Specification

  • Mixed use and multi-let commercial investment premises
  • Two-storey building extending to 10,293 sq ft (NIA) with central courtyard
  • Current rental income: £27,888 pa rising to £31,404 pa when fully let
  • Asset management opportunities available to increase rent further
  • Located on outskirts of Stoke and within 50 yards of A500

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £325,000.00 NA

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Agency Team

Rory Mack Associates Ltd

01782 365492



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