Light Industrial in Stoke-On-Trent
Crown House, Oldmill Street, Stoke-On-Trent, Staffordshire ST4 2RP
- Property Type: Light Industrial
- Contract Type: Unconditional with Variable Fee
Guide Price* £225,000+ plus fees
Property Description
Crown House is a two-storey triangular shaped building of brick elevations supporting various pitched and flat roof surfaces and is subdividing into several self-contained workshops, studios and offices. Current income £22,788 pa with GIA of 10,293sq.ft. 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. The property is part let with more lease details available within the legal pack. Unit 1 trading as a cafe on the ground floor extending 230 sq.ft. with current income of £4,800pa. Units 2 4 5 are ground and first floor offices with a lock up extending 1069 sq. ft. (vacant). Unit 3 is a Workshop on the ground floor extending 1300 sq. ft. with current income of £4,200pa. Units 6, 7, 10 and 11 - Music studios on the ground and first floors extending 974 sq. ft., 2814 sq. ft. and 1468 sq. ft. respectively with current income of £9,060pa. Unit 8 is a lock up on the ground floor extending 174 sq. ft. with an income of £528pa. Unit 9 is a Workshop on the ground floor extending 821 sq. ft. with income of £4,200pa. Unit 12 - Vacant office accommodation (recently updated) with storage. Total income £22,788pa with scope to increase to over £30,000pa. 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. ¼ of a mile to the west. 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.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 30th May 2024
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
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