Commercial property for sale in Winghay Close, Chemical Lane Longbridge Hayes, Stoke-On-Trent ST6

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

Services

All mains services are available subject to any reconnection which may be necessary.

Planning

Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

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.

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.

Legal Costs

Each party is to be responsible for their own legal costs incurred in connection with the sale / purchase of the property.

Vat

VAT is applicable to this property.

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 . Opening hours are 9.00-5.30pm, Monday to Friday.