LOCATION
The property is prominently located on King Street (A5007) in a mixed commercial/residential area approximately 1 mile to the west at Longton town centre and within approximately 1 mile to the A50 dual carriageway which connects to the A500, approximately 2 miles.
DESCRIPTION
A detached workshop/trade counter unit of brick elevation supporting a steel truss pitched roof surface extending to 4,176 sq.ft. (GIA) together with a well proportioned yard with extensive roadside frontage. The premises is currently occupied by an individual, holding over from an FRI lease composed outside of the Landlord and Tenant Act 1954 (Section 24-28), although the tenant has offered to take on a new 10 year lease.
ACCOMMODATION
The industrial unit has an internal width of 103'9" and an internal depth of 40'3" and Totals 4,176 sq.ft. The entire site extends to 0.21 acres (0.087 ha).
SERVICES
We are advised that all mains services are connected to the premises although this needs to be continued by an interested party. No services have been tested by the agents.
TERMS
The property is currently occupied by an individual who is holding over on a lease composed on an FRI basis with the lease composed outside the Landlord and Tenant Act 1954 (section 24-28). The passing rent is set at £18,720 pax. However, the tenant has offered to take a new 10 year lease on similar lease terms with the rent in years 1 and 2 at £18,720 pa, years 3 and 4 £19,920 pa, years 5 and 6 at £21,000 pa and with a rent review at the end of year 6 to RPI or Open Market Value (whichever is the greater).
OUTGOINGS
Business Rates
Rateable value: £11,000 (effective 1.11.17)
VAT
The sale price is not subject to VAT.
PLANNING
Currently used as a car wash with ancillary workshop. We understand that the premises retains its ongoing B2 (General Industrial) Use Class Order.
Local Authority:
Stoke-on-Trent City Council
• planning department.
OTHER
Tenure:
Available freehold, subject to contract.
EPC:
Band E - Asset Rating 103.
VIEWING
As the unit is trading, interested parties are requested to view by appointment only.
