No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Property

EV charger
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Property
0 bed
0 bath

Property description & features

. Residential investment opportunity

. 33 studio rooms with en-suite facilities and kitchenettes

. Car park with 18 spaces including one EV charging point

. Communal space, laundry rooms and security office

. EPC: All studios are a Band C

General Description - A unique opportunity to obtain a turn-key, ready made
investment with an excellent long term tenant already
in place. This former industrial building has been
extensively refurbished and reconfigured to create a
comprehensive building providing living
accommodation. The property briefly comprises 33 x
en-suite studios with kitchenettes, 4 communal kitchens
(two on each floor), 3 x laundry rooms, 2 x communal
lounges, 2 x offices, bike store and large car park for 18
vehicles. On the ground floor is a plant room containing a
sophisticated heating and hot water system.

Tenancy Details - The whole property is let to 'Above n Beyond Ltd' Reg No
07945787 who offer support
and housing to young people.
The lease is composed on Full Repairing and Insuring terms
and commenced August 2023 for a term of 5 years at a
passing rent of £165,000 pa. All costs including staffing,
security and utilities etc. are covered by the tenant

Location - The property is located on Adelaide Street, just off Waterloo
Road and is a 5 minute walk from the centre of Burslem. The
building is around 8 miles from junction 16 of the M6
motorway and around 1.5 miles from the centre of Hanley.

Accommodations - Adelaide House has a gross internal area of 12,365 sq ft
spread over two floors as follows.

Ground floor
13 x en-suite studio rooms
2 x communal kitchens
2 x laundry rooms
1 communal lounge
1 x staff office
1 x security office
1 x staff WC
Plant room

First floor
20 x en-suite studio rooms
2 communal kitchens
1 x communal lounge
2 x laundry rooms

Services - Mains gas, electric, water and drainage are connected. Gas
fired central heating installed throughout. No services have
been tested by the agents.

Vat - The sale price is not subject to VAT.

Planning - Planning permission was granted on 10th March 2022 by
Stoke on Trent City Council (Application Number:
66924/FUL) for change of use to large HMO (33 bed/person)
(sui generis)

Council Tax - Paid at the prevailing rate by the leaseholder.

Tenure - Available freehold, subject to contract and with occupied
possession upon completion.

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.

Property information from this agent

Places of interest

    Rory Mack Associates is a dedicated team of commercial property consultants, Chartered Surveyors and commercial estate agents based in Newcastle under Lyme, Staffordshire. We serve the neighbouring areas of Stoke on Trent, Stafford, Crewe, North Staffordshire and Cheshire. Our team of commercial property consultants and surveyors offer a full range of property services including: Estate agency, disposal and acquisitions Property management, investment and strategy Survey and valuation advice for residential and commercial property Lease advice for rent review and lease renewal Business rates Dilapidation and condition reports We provide a personal service and add value to our clients’ objectives. We pride ourselves on transparency and good old fashioned customer service which ensures our clients keep coming back, and most importantly, recommend us to their friends and colleagues. Our team of Chartered Surveyors includes RICS Registered Valuers and the firm is regulated by the Royal Institution of Chartered Surveyors (RICS). To enquire about our services in more detail please contact us to speak to a member of our team.

    See more properties like this:

    *DISCLAIMER

    Property reference 32671868. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rory Mack Associates - Holly House.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on January 15, 2024

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on January 15, 2024

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.