Property photos
Freehold
£925,000
(£115.67/sq. ft)
Property for sale
Phoenix Way, Phoenix Park, Stoke-On-Trent ST37,997 sq. ft
Local area information
Property location
Nearby amenities
- St Thomas More Catholic Academy 0.2 miles
- Clarice Cliff Primary School 0.4 miles
- Longton 0.4 miles
- Stoke-on-Trent 1.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Outstanding Investment producing £51,500 pa
- Low Risk Covenant in Rexel UK Limited
- Turnover of £705m and Operating Profit of £1.1m (2023)
- Modern warehouse unit
- Excellent location alongside A50
- Nearby operators include Currys, McDonalds, TKMaxx and Smyths
- Total Floor Area: 7,997 Sq ft (742.92 Sq m)
Outstanding Investment let by way of a 10 year lease from the 9th January 2017 to Rexel UK Limited a leading wholesale electrical distributor with a Turnover of £705m and Operating Profit of £1.1m (2023). The current passing rent is recorded as being £51,500 pa, which at the asking price of £925,000 represents a gross yield of 5.57% with potential for rental growth at the point of renewal on the 8th January 2027.
Property Description
Unit 8 Phoenix Park is a modern steel portal frame industrial warehouse unit with full height insulated profile cladding under a pitched insulated clad roof incorporating natural lighting panels. Constructed in 2016, this modern unit benefits from having full height (6.24m) loading/warehouse area from the roller shutter all the way to the rear. The remainder of the unit comprises a trade counter with offices and customer WC at ground floor level. There is a mezzanine immediately above consisting of stores, male and female WCs an kitchen/staff room.
On site parking, open and accessible external loading area, 3 phase electric and what must be one of the most prominent positions in the city are just some of the benefits on offer.
The Investment
This exciting opportunity can be offered either as a property sale or a transfer of a going concern. The property is let by way of a 10 year lease from the 9th January 2017 to Rexel UK Limited a leading wholesale electrical distributor with a Turnover of £705m and Operating Profit of £1.1m (2023). The current passing rent is recorded as being £51,500 pa, which at the asking price of £925,000 represents a gross yield of 5.57% with potential for rental growth at the point of renewal on the 8th January 2027.
Location
The Property is situated on Phoenix Retail Park on the immediate edge of Longton town centre. Phoenix Park is accessed from the A50 and Baths Road, a short distance off the Foley Road interchange. The unit is situated at the end of the estate via Phoenix Way and immediately adjoins tk Maxx. The site is only accessible through a security barrier leading to a large shared car parking area.
Accommodation
Ground floor
Trade Counter: 690 Sq ft (64.10 Sq m)
Warehouse: 4,052 Sq ft ( 376.43 Sq m)
Offices: 925 Sq ft (85.93 Sq m)
Stores: 166 Sq ft (15.42 Sq m)
Mezzanine
Stores: 1,940 Sq ft (180.23 Sq m)
Staff Welfare Facilities: 224 Sq ft (20.81 Sq m)
Total Floor Area: 7,997 Sq ft (742.92 Sq m)
Services
All mains services are available subject to any reconnection which may be necessary.
Planning
Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.
Rating
The voa website advises the rateable value for 2024/25 is £44,500. The standard non-domestic business rates multiplier is 54.6p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.
Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.
Tenure - Freehold
Freehold subject to a 10 year Tenants Fri lease from the 9th January 2017 to Rexel UK Limited. A copy of the lease is available upon request.
Epc
Energy Performance Certificate number and rating is tbc (On order)
Vat
VAT is applicable to the property sale, however our client would consider a transfer of a going concern if it benefits the buyer.
Proof Of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee.
Legal Costs - Sale
Each party is responsible for their own legal costs in respect of the sale of this premises.
Viewing
Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.
Property Description
Unit 8 Phoenix Park is a modern steel portal frame industrial warehouse unit with full height insulated profile cladding under a pitched insulated clad roof incorporating natural lighting panels. Constructed in 2016, this modern unit benefits from having full height (6.24m) loading/warehouse area from the roller shutter all the way to the rear. The remainder of the unit comprises a trade counter with offices and customer WC at ground floor level. There is a mezzanine immediately above consisting of stores, male and female WCs an kitchen/staff room.
On site parking, open and accessible external loading area, 3 phase electric and what must be one of the most prominent positions in the city are just some of the benefits on offer.
The Investment
This exciting opportunity can be offered either as a property sale or a transfer of a going concern. The property is let by way of a 10 year lease from the 9th January 2017 to Rexel UK Limited a leading wholesale electrical distributor with a Turnover of £705m and Operating Profit of £1.1m (2023). The current passing rent is recorded as being £51,500 pa, which at the asking price of £925,000 represents a gross yield of 5.57% with potential for rental growth at the point of renewal on the 8th January 2027.
Location
The Property is situated on Phoenix Retail Park on the immediate edge of Longton town centre. Phoenix Park is accessed from the A50 and Baths Road, a short distance off the Foley Road interchange. The unit is situated at the end of the estate via Phoenix Way and immediately adjoins tk Maxx. The site is only accessible through a security barrier leading to a large shared car parking area.
Accommodation
Ground floor
Trade Counter: 690 Sq ft (64.10 Sq m)
Warehouse: 4,052 Sq ft ( 376.43 Sq m)
Offices: 925 Sq ft (85.93 Sq m)
Stores: 166 Sq ft (15.42 Sq m)
Mezzanine
Stores: 1,940 Sq ft (180.23 Sq m)
Staff Welfare Facilities: 224 Sq ft (20.81 Sq m)
Total Floor Area: 7,997 Sq ft (742.92 Sq m)
Services
All mains services are available subject to any reconnection which may be necessary.
Planning
Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.
Rating
The voa website advises the rateable value for 2024/25 is £44,500. The standard non-domestic business rates multiplier is 54.6p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.
Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.
Tenure - Freehold
Freehold subject to a 10 year Tenants Fri lease from the 9th January 2017 to Rexel UK Limited. A copy of the lease is available upon request.
Epc
Energy Performance Certificate number and rating is tbc (On order)
Vat
VAT is applicable to the property sale, however our client would consider a transfer of a going concern if it benefits the buyer.
Proof Of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee.
Legal Costs - Sale
Each party is responsible for their own legal costs in respect of the sale of this premises.
Viewing
Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone . Opening hours are 9.00-5.30pm, Monday to Friday.
Floor plans and tours
Floor plans (1)
More information
Listed by
Butters John Bee - Commercial
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