Industrial for sale

Multi-Let Units at 7 Manor Street, Fenton, Stoke on Trent, ST4 2PT

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Contact Agent

Call Agent 01782 715725

Marketed by

Rory Mack Associates Newcastle Under Lyme

37 Marsh Parade, Newcastle-under-Lyme, Newcastle ST5 1BT

Properties for sale Properties to let

Available

Multi-Let Units at 7 Manor Street, Fenton, Stoke on Trent, ST4 2PT

1 of 20

£425,000

Multi-Let Units at 7 Manor Street, Fenton, Stoke on Trent, ST4 2PT

3850 sq. ft (357.68 m²)

Contact Agent Call Agent 01782 715725

Key features

Three long standing tenants in occupation with two wanting to take on long leases
Total NIA: 3,850 sq ft in secure site extending to 0.3 acres
EPC: TBC

Description

An income producing investment consisting of a range of car related and storage businesses, many of which have been in occupation for some time. The site is fully occupied at present providing an income of £36,600 and with the rent increasing in August with one of the tenants
leaving and another taking on the unit at an increased rent. Unit 7b, a 922 sq ft unit will then be advertised for £9,000pa and we expect the uptake to be strong. The eventual gross yield with the rent changes should hit 9.3%. The site comprises a yard, currently used for car sales plus three separate industrial units plus offices. All tenants are currently on Licence Agreements but will be put onto long term leases prior to completion with the new owner.
Unit Name: unit | 2010 sqft |
Unit Name: unit | 557 sqft |
Unit Name: unit | 922 sqft |
Unit Name: unit | 361 sqft |

Reference: 352942_sales

All commercial properties for sale in Stoke-on-trent

Marketed by

Rory Mack Associates Newcastle Under Lyme

37 Marsh Parade, Newcastle-under-Lyme, Newcastle ST5 1BT

Properties for sale Properties to let