A rare opportunity to acquire an Investment comprising two modern industrial units located alongside the A500 in Stoke-on-Trent. Unit 1 is occupied, producing £12,000 pa whilst Unit 6 located immediately opposite has a GIA of 1581 Sq ft and is vacant with an estimated rental income of circa £12,000 pa. The two units are being sold as a part let investment making it ideal to those looking for a vacant unit for their business (and an income) or an investor seeking to gain up to £24,000 pa once fully occupied.

Description:

Two modern industrial warehouse units of steel portal frame construction with profile cladding to the upper elevations and roof. Units 1 and 6 share a surfaced yard which is fenced and gated and accessible immediately off Chemical Lane.

Unit 1 is occupied and let at £12,000 pa. Unit 6 located immediately opposite has a GIA of 1581 Sq ft and is vacant. The two units are being sold as a part let investment making it ideal to those looking for a vacant unit for their business (and an income) or an investor seeking to gain up to £24,000 pa once fully occupied.

Accommodation:

UNIT 1
GIA: 1584 Sq ft (147.15 Sq m)
Accommodation comprises Warehouse, Offices, WC
3 phase electric. Eaves: 4.5m

UNIT 6
GIA: 1588 Sq ft (146.87 Sq m)
Accommodation comprises Warehouse, Kitchen, WC
Eaves: 4.5m

Rating:

The VOA website advises the rateable values for 2019/20 stand at

Unit 1: £7,300
Unit 6: £7,700

The standard non-domestic business rates multiplier is 51.2p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

Tenure:

Freehold subject to Unit 1 having a lease on the following terms:

Let for 5 years from 9/5/2022 to 8/5/27
Rent £12,000 pa
Rent Review: 9/5/2025
Break Option: LANDLORD break option only at 9/5/2025 subject to 3 months notice.
L&T Act Provisions: The lease is drafted outside the Landlord and Tenant Act.

EPC:

The property has an EPC rating of D - (90) . The certificate is valid until 14th May 2034.

Link to certificate: https://find-energy-certificate.service.gov.uk/energy-certificate/6524-8105-3296-7310-3198

Proof of Identity:

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Viewing:

Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ . Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.