Kirklands Business Park Lytton Street, Stoke-on-Trent ST4 2AG

Transcription

1 Kirklands Business Park Lytton Street, Stoke-on-Trent ST4 2AG

2 Kirklands Business Park Lytton Street, Stoke-on-Trent ST4 2AG 600,000 Kirklands Business Park offers an excellent multi-occupied investment opportunity with a range of retail, workshop, storage and office suites. Well positioned adjacent the A500 'D' Road, currently producing 54,980 pa plus service charge and ERV of circa 60,000 pa. The business park has a shared car park located off Oldmill Street and is formed from two larger buildings. The front building is single storey with a front two storey section. The rear building is two storey and consists of workshop and offices suites. Each unit is more particularly described. Lake View, Festival Way, Stoke-on-Trent, Staffordshire, ST1 Tel: Fax:

3 DIRECTIONS The business park is located on the corner of Lytton Street and Oldmill Street, close to the intersection with City Road which in turn provides access to the A500 'D' Road. There are major road links within proximity as well as Stoke-on-Trent Railway Station. A50: 1.2 miles M6 J15: 3.3 miles Stoke-on-Trent Railway Station: 0.4 miles Unit 1 GIA: 500 sq m (5,381 sq ft) Tenant: Kirklands (Staffordshire) Ltd Lease term: 10 years from 1st April Rent: 27,020 pa A new Lease for a further 10 years at a passing rent of 25,000 pa is being agreed. Kirklands (Staffordshire) Ltd are a long established business supplying new & used catering equipment, incorporated for 70 years and occupying the premises for 33 years. The premise provides a large retail warehouse with a front two storey section with offices, stores and w.c. Externally there is a secure yard area. The demise is shown in yellow on the attached Unit 2 GIA: 173 sq m (1,862 sq ft) Tenant: Hire Station Ltd Rent: 7,000 pa Lease term: 10 years from 25th March 2015 Option to determine: 5th year anniversary of the term. Rent review: 25th Match 2018 & 2021 The unit is access from Oldmill Street and forms the section to the rear of the main building with roller shutter leading into a loading area and warehouse..

4 Unit 3 GIA: 51 sq m (549 sq ft) Tenant: individual t/a RGF Property Maintenance Lease term: 3 years from 17th December Rent: 3,500 pa plus service charge contribution Tenant option to determine: 18 months with 3 months prior notice. A useful single storey office and storage unit located within the shared yard area accessed from Oldmill Street.. Unit 4 GIA: 51 sq m (549 sq ft) Vacant A single storey workshop unit with roller shutter and service door access points. Internally, the unit is split into workshop which was most previously used as a bakery with rear office and w.c. Most recently used by the owner for storage. Units 5, 6 & 10 GIA: 145 sq m (1,560 sq ft) Tenant: Pro Vision Cycle Clothing Ltd Lease term: 3 years from 1st March'17 Rent: 10,500 pa The demise forms ground floor offices and stores plus part first floor office/ showroom. Unit 7 GIA: 73 sq m (785 sq ft) Tenant: Simply Hygiene Washroom Solutions Ltd Lease term: 1st Dec'17 to 30th Nov'20 Rent: 3,960 pa plus service charge contribution The storage unit forms part of the ground floor rear building with roller shutter access.

5 Unit 8 & 9 NIA: 48 sq m (517 sq ft) Tenant: RGF Property Management Ltd Lease term: 3 years from 1st Dec'17 to 30th Nov'20. Rent: 3,000 pa plus service charge contribution Tenant option to determine: 18 months with 3 months prior notice. A pair of first floor office suites. Suite 8 consists of two offices and suite 9 is a single open plan office. Tenancies The Leases are full repairing and insuring with units 3 to 10 being subject to a service charge to cover external repair, maintenance and recharge for utilities where required. Services All mains services are available subject to any reconnection which may be necessary. The front building units have their own services. The two storey rear building has sub-meters and is recharged by the Landlord. Business Rates Interested parties should make their own enquiries to Stoke-on-Trent City Council business rates department. Tenure Freehold subject to the existing Leases and occupiers at the time. Legal Costs Each party is to be responsible for their own legal costs incurred in connection with the sale / purchase of the property. Viewings Strictly by appointment via bjb commercial, Head Office, Lake View, Festival Way, Stoke-on-Trent ST1 5BJ. Telephone Opening hours are pm, Monday to Friday. VAT The property is Vat elected therefore will be applicable to the agreed price. Energy Performance Certificates Unit 1 - D 94 Unit 2 - C 59 Unit 3 - D 82 Unit 4 - D 84 Units 5, 6 & 10 - E 101 Unit 7 - D 86 Suites 8 & 9 - C 63 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.

6 Where a property is due to go to auction, all bidders will be required to register prior to auction. IMPORTANT NOTICE In accordance with the Property Misdescriptions Act (1991) we have prepared these property particulars as a general guide to a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain the possession of bjb.

7

8