£1,450,000

Former Car Showroom, Blackfriars Road, Newcastle ST5 2TY

Office Details

Bowmen Way
Battlefield
Shrewsbury
Shropshire SY4 3DR

Tel: 01743 450 700

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Property Features

  • Total Gross Internal Floor Area of approximately 1,231.5 sq m
  • (13,256 sq ft)
  • Suitable for development, subject to planning, with the benefit of a flexible occupational lease
  • Benefitting from an income of £60,000 per annum
  • High profile location at Junction of Blackfriars Road and Pool Dam
  • Close proximity to Keele University

Property Description

DESCRIPTION

The property is currently arranged to provide a high quality car dealership

sitting on a site area of approximately 1 acre. The property was built in the

early 1980's and is currently arranged to provide accommodation with a

Total Gross Internal Floor Area of approximately 1,231.5 sq m (13,256 sq

ft). The premises is arranged to provide car showroom / office and MOT

workshops and valeting bays. The majority of the accommodation is

arranged over ground floor with offices and welfare facilities and a section of

mezzanine stores within the first floor. The property provides approximately

40 car display parking spaces and a services yard, externally.

The property is of traditional portal framework with glazed curtain walling

to the frontages to Blackfriars Road and Pool Dam. The rest of the property

is clad in profile steel sheeting. The quality of the internal fit out can only be

full appreciated by undertaking an inspection of the property. The vehicle

workshop benefits from 5 up and over door openings and there are two

to the valeting bay.

There maybe the opportunity to acquire the car parking area that the

vendors have let from the Council.

SITUATION

The property enjoys a highly prominent, elevated position at the junction of Blackfriars

Road with Pool Dam immediately to the south of the Town Centre of Newcastle under Lyme, where the A34, A52 and A53 meet. Junction 15 of the M6 is approximately 5 miles to the south of the property. The site is within close proximity of Morrisons and Aldi and Keele University. The profile location of the property means that it would lend itself to a variety of alternative uses (subject to planning).

The property is sold subject to a lease dated 14th June 2018 between

Greenhous Group (Holdings) Limited and Donna Louise Trust at a rent of

£60,000 per annum for a term expiring on the 17th June 2023. The lease is

excluded from the Landlord and Tenant Act 1954 part 2 and is subject to the

opportunity for thee landlords to determine the lease on 6 months notice.

Further details available from the selling agents on request. The property is

held under ownership via Property Title Number SF248821.Current Rateable Value: £97,000

Draft Rateable Value for 2017: £111,000

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