Commercial property for sale in Adelaide Street, Burslem, Stoke-On-Trent ST6

• Residential investment opportunity

• 33 studio rooms with en-suite facilities and kitchenettes

• Car park with 18 spaces including one ev charging point

• Communal space, laundry rooms and security office

• EPC: All studios are a Band C

General Description

A unique opportunity to obtain a turn-key, ready made
investment with an excellent long term tenant already
in place. This former industrial building has been
extensively refurbished and reconfigured to create a
comprehensive building providing living
accommodation. The property briefly comprises 33 x
en-suite studios with kitchenettes, 4 communal kitchens
(two on each floor), 3 x laundry rooms, 2 x communal
lounges, 2 x offices, bike store and large car park for 18
vehicles. On the ground floor is a plant room containing a
sophisticated heating and hot water system.

Tenancy Details

The whole property is let to ‘Above n Beyond Ltd’ Reg No
07945787 who offer support
and housing to young people.
The lease is composed on Full Repairing and Insuring terms
and commenced August 2023 for a term of 5 years at a
passing rent of £165,000 pa. All costs including staffing,
security and utilities etc. Are covered by the tenant

Location

The property is located on Adelaide Street, just off Waterloo
Road and is a 5 minute walk from the centre of Burslem. The
building is around 8 miles from junction 16 of the M6
motorway and around 1.5 miles from the centre of Hanley.

Accommodations

Adelaide House has a gross internal area of 12,365 sq ft
spread over two floors as follows.

Ground floor
13 x en-suite studio rooms
2 x communal kitchens
2 x laundry rooms
1 communal lounge
1 x staff office
1 x security office
1 x staff WC
Plant room

First floor
20 x en-suite studio rooms
2 communal kitchens
1 x communal lounge
2 x laundry rooms

Services

Mains gas, electric, water and drainage are connected. Gas
fired central heating installed throughout. No services have
been tested by the agents.

Vat

The sale price is not subject to VAT.

Planning

Planning permission was granted on 10th March 2022 by
Stoke on Trent City Council (Application Number:
66924/ful) for change of use to large HMO (33 bed/person)
(sui generis)

Council Tax

Paid at the prevailing rate by the leaseholder.

Tenure

Available freehold, subject to contract and with occupied
possession upon completion.

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.