7 Manor St 3,850 sq ft 100% Let Light Industrial Property Stoke On Trent ST4 2PT £425,000 (£110.39/sq ft)

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.
The property is available for sale freehold for £425,000.