Commercial property for sale in Crown House, Oldmill Street, Stoke, Stoke-On-Trent ST4

•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

Full Description

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. 1⁄4 of a mile to the west.

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.

Terms

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

Rates

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.

Vat

The sale price is not subject to VAT.

Other

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.

Auction Details

Auction Starts at 9:00am, 25th July 2024 with ‘sdl Property Auctions’
Light Industrial in Stoke-On-Trent | Crown House - sdl Property Auctions ()