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INDUSTRIAL INVESTMENT OPPORTUNITY

FOR SALE
GUIDE PRICE £495

Commercial Estate Agents

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Norton Industrial Estate Bellerton Lane
Norton, Stoke on Trent, Staffordshire, ST6 8ED
Contact Us | T 01782 715725

INDUSTRIAL INVESTMENT OPPORTUNITY
CIRCA 17,500 SQ FT ON 1.06 ACRE SITE
CURRENTLY PRODUCING OVER £32,640 PER ANNUM
ESTIMATED RENTAL VALUE CIRCA £50,000 PER ANNUM

 

An established industrial estate briefly comprising 11 individual units and currently producing £32,640 pa which could rise to circa £50,000 pa subject the vacant 3 units being occupied and rent reviews being undertaken on existing leases. Very accessible location with exclusive main road frontage. Total site area 1.06 acres. GIA of site 17,500 sq ft.


 

  

GENERAL DESCRIPTION
The property comprises the majority of an established and very accessible industrial complex comprising a range of industrial, storage and office units. The portfolio comprises eleven self contained industrial units most of which are leased to local companies by way of internal repairing and insuring leases. The units are of brick elevations supporting a range of flat and pitched roof surfaces and have the benefit of plenty of onsite car parking.   
 
LOCATION
The Estate has extensive frontage to Bellerton Lane which is accessed via Leek New Road (A53) to the south and Ford Green Road (B5051) to the north and is approximately 2 miles to the north of Hanley town centre.
 
INVESTMENT CRITERIA
Currently 7 of the units are let, producing an income £32,640 pa. If all of the units were let and some of the rentals were reviewed in line with other rentals prevailing, the development would produce £49,260 pa. A detached spreadsheet containing all of the relevant information regarding lease ect can be made available upon request.  
 
ACCOMMODATION
Units range from 566 sq ft to 2,800 sq ft. The total GIA extends to 17,489 sq ft.
 
SERVICES
We are advised that all mains are connected on site. No services have been tested by the agents.
 
PLANNING
Units have B1, B2 and B8 Use Class Orders.
 
PRICE
The vendor is looking to achieve a Guide Price of £495,000 although a sensible offer will be considered.  
 
VIEWING
Strictly by appointment through agents:
Rory Mack Associates
Tel: 01782 715725
Fax: 01782 715726
Email: enquiries@rorymack.co.uk
Website: www.rorymack.co.uk
 
V01556/160410
 

 

 

 

All prices and rentals quoted are exclusive of VAT (if applicable) Misrepresentation Act 1967

Rory Mack Associates for itself and for the vendors or lessors of this property whose agents it is given notice that: (I) the particulars set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract. (II) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (III) no person in the employment of Rory Mack Associates has any authority to make or give any representation or warranty in relation to this property.



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