Offers in region of
£425,000
(£110.39/sq. ft)
Industrial for saleMulti-Let Units At 7 Manor Street, Fenton, Stoke On Trent ST4
3,850 sq. ft
Freehold
About this property
Rent increasing in August 2026 plus opportunity to increase rent on Unit 7b
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.
Location
The site occupies a prominent position on the corner where Manor Street meets with Hallam Street in Fenton, just off City Road (A5007) and within easy reach of Hanley, Longton and major roads such as the A500, A50 and M6 motorway.
Services
All main services are connected. No services have been tested by the agents. All tenants pay their own services apart from Unit 7a which is used for storage and distribution only.
VAT
The sale price is not subject to VAT.
Tenure
Available freehold, subject to contract and with the benefit of the existing lease agreements.
Business Rates
The tenants are responsible for payment of any business rates liability where applicable.
Tenancy Details
Unit 7
Tenant in occupation until August 2026 paying £975pcm.
New tenant (currently in Unit 7b) taking a new 7 year lease from August 2026 paying £1,050pcm.
Unit 7a
Rented to a Limited Company on a Licence Agreement at £680 pcm but tenant is willing to sign a new long-term lease prior to completion.
Unit 7b
Currently rented to a Limited Company paying £600 pcm until August 2026 at which point Rory Mack Associate would be happy to advertise for £750 pcm.
Yard
Currently rented alongside the office block to a Limited Company paying £800 pcm on a Licence Agreement but will move to a long-term lease in August 2026.
Current income - £36,660 pa
Potential 2026 income - £39,360 (9.26% gross yield)
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 a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
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.
Location
The site occupies a prominent position on the corner where Manor Street meets with Hallam Street in Fenton, just off City Road (A5007) and within easy reach of Hanley, Longton and major roads such as the A500, A50 and M6 motorway.
Services
All main services are connected. No services have been tested by the agents. All tenants pay their own services apart from Unit 7a which is used for storage and distribution only.
VAT
The sale price is not subject to VAT.
Tenure
Available freehold, subject to contract and with the benefit of the existing lease agreements.
Business Rates
The tenants are responsible for payment of any business rates liability where applicable.
Tenancy Details
Unit 7
Tenant in occupation until August 2026 paying £975pcm.
New tenant (currently in Unit 7b) taking a new 7 year lease from August 2026 paying £1,050pcm.
Unit 7a
Rented to a Limited Company on a Licence Agreement at £680 pcm but tenant is willing to sign a new long-term lease prior to completion.
Unit 7b
Currently rented to a Limited Company paying £600 pcm until August 2026 at which point Rory Mack Associate would be happy to advertise for £750 pcm.
Yard
Currently rented alongside the office block to a Limited Company paying £800 pcm on a Licence Agreement but will move to a long-term lease in August 2026.
Current income - £36,660 pa
Potential 2026 income - £39,360 (9.26% gross yield)
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 a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
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Monthly repayment
£2,126 per month
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