FOR SALE: DOSELEY INDUSTRIAL ESTATE, FRAME LANE, DOSELEY, TELFORD TF4 3BZ Income Producing Industrial Investment with significant residential/ commercial redevelopment potential (Subject to statutory consents)
Price: Offers in excess of £1,500,000 (exclusive)
FOR SALE
INDUSTRIAL INVESTMENT
Doseley Industrial Estate, Frame Lane, Doseley, Telford TF4 3BZ
LOCATION The property is located in an area of Telford known as Doseley at Horsehay and fronts onto St Lukes Road. Doseley lies approximately three miles from Telford Town Centre. The property is located in an area of mixed development, though the area in general has been subject to significant recent residential development including the New Lawley Village Development, but more recently at the David Wilson Homes Development of Doseley Park at St Lukes Road, which is located adjacent to the subject property. The property itself forms part of the Doseley Industrial Estate, which is a small industrial/commercial development located just off Frame Lane. The property benefits from access off Frame Lane and St Lukes Road. Frame Lane accesses onto the A4169 Wellington Road and junctions 4 and 5 of the M54 Motorway are located approximately 3.5 miles distant. Telford is located approximately 13 miles east of the County Town of Shropshire and approximately 30 miles north west of Birmingham. The population was 155,000 (at 2010) and it is the largest town in Shropshire.
DESCRIPTION The property comprises of part of Doseley Industrial Estate and is all that property held under Land Registry Title Number SL27510. The property comprises currently of a variety of Commercial units (tenanted) and a part concreted and part hardcored site (tenanted) together with a large 4 bedroomed detached house(which is owner occupied). The property provides a total site area of approximately 4.15 acres (1.68 hectares). And the site benefits from access directly onto St Lukes Road as well as a right of acess over land held in separate ownership from Frame Lane. The tenanted units are of a variety of types of construction. Units 1 and 2 provide a portal framed building clad in profile sheeting and brickwork. The main workshop has an eaves height of approximately 12 ft (4.814 metres). There are up and over doors to the front elevation. Units 3,4,5 and 6 and Unit 7 are of a variety of constructional types and eaves heights and are in part steel portal and part steel framework , which are clad in part profile sheeting and part asbestos sheeting. The site benefits from a communal toilet facility and this is attached to an office section, which is owner occupied. The site provides a Total Gross Internal Floor Area of approximately 1,369 sq m (14,741 sq ft).
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The rest of the site comprises of part tarmacadam and part hardcored yard areas that are currently in use as caravan storage or commercial yards. There is included within the ownership a detached four bedroomed house that fronts onto St Lukes Road. This is of traditional constructional and on the land adjoining the house, planning consent has been obtained for the construction of a further bungalow (planning reference TWC/2016/0778). All the commercial leases on the site have seen excluded from the Landlord and Tenant Act 1954 Part 2, so vacant possession of the property can be obtained at the end of the lease terms. Further details are available upon request from the selling agents.
PLANNING Prospective purchasers should make their own enquiries to the local planning authority. The property falls within the administration of Telford and Wrekin Council. The property is understood to benefit from planning consent for its current commercial uses falling within Use Class B of The Town and Country Use Classes Order 1987. The residential house is understood to benefit from planning consent for Use Class C3 of The Town and Country Use Classes Order 1987. There is understood to be an existing consent for the construction of a further residential bungalow on the site under Planning Reference TWC/2016/0778. The property is located in an area that has been subject to significant new build residential development recently with The David Wilson Homes Development at Doseley Park being adjoining. The site subject to statutory consents would lend itself to future residential development.
EPC Units 1 and 2 have a rating of D under Reference Number 9611-30040460-0700-7091 All the other units do not require Energy Performance Certificates further information available from the selling agents upon request.
01743 450 700
FOR SALE
INDUSTRIAL INVESTMENT
Doseley Industrial Estate, Frame Lane, Doseley, Telford TF4 3BZ
TENURE The property is offered for sale freehold, subject to the existing occupational tenancies. The property is held under Title Number is SL27510. The commercial units are subject to the occupational tenancies as outlined under the Accommodation section (ALL LEASES ARE EXCLUDED FROM THE LANDLORD AND TENANT ACT AND THEREFORE VACANT POSSESSION CAN BE SECURED AT THE END OF THE LEASE TERMS) Further income is secured from the letting under licence of sections of the hard standing for caravan storage further details are available upon request but with asset management the income generated could be in excess of £30,000 per annum from the caravan storage.
SERVICES Not Tested at the time of our inspection Mains water, electricity and drainage are connected to the property. The water and electricity supplies to the units are via sub metered supplies. There is a gas fired central heating system to the residential house
RATEABLE VALUE Prospective Purchasers are recommended to make their own enquiries;
Site Office £910 Unit 4b storage yard £2,600
TENANCY SCHEDULE/ ACCOMMODATION Unit
Tenant
Sq M
Sq ft
Reception Hallway 3.68m x 2.42m
1 & 2 3 4 5&6 7
vacant 214.17 Block Fencing Contractors Ltd 301 TV Commercial Services 284 Yurt Maker Ltd 308.4 Premier Garden Supplies 261.9
2,305 3,240 3,057 3,320 2,819
Sitting Room 3.93m x 4.06m
Yard
G N Groundworks
Kitchen 3.91m x 2.89m
Total 1,369.47 14,741
The Council Tax of the The New Bungalow, Frame Lane, is Band E (£1,816).
ACCOMMODATION House:
-
-
Expiry Rent
18.09.18 18.09.18 18.09.18 18.09.17
£7,200 £7,200 £6,000 £5,400
18.09.17 £4,200
Utility Room 1.49m x 2.95m Bedroom 1 3.98m x 3.94m Bathroom Dining Room 4.80m x 5.80m Bedroom 2 3.58m x 3.95m Bedroom 3 3.95m x 4.95m Ensuite showeroom Garage First Floor Bedroom 4 5.42m x 4.69m
From our internet enquiries we understand that the following rateable values apply for 2017/18:
Games Room 8.78m x 4.68m
Units 1 and 2 £8,100
Total Site Area 4.15 acres (1.68 ha)
Unit 3 £6,800 Unit 4 £6,600 Unit 5 and 6 £7,200 Unit 7 £5,600
HALLSGB.COM
01743 450 700
FOR SALE
INDUSTRIAL INVESTMENT
Doseley Industrial Estate, Frame Lane, Doseley, Telford TF4 3BZ PRICE Offers are invited in excess of £1,500,000 (One Million Five Hundred Thousand Pounds) for the freehold interest in the property (subject to the existing occupational tenancies).
LOCAL AUTHORITY Telford and Wrekin Council Addenbroke House, Ironmasters Way, Telford TF3 4NT 01952 380 000
LEGAL COSTS Each arty to be responsible for their own legal costs in respect of this tranaction.
VAT It is undestood that the property is not elected for Vat. Prospective purchasers should make their own enquiries.
VIEWING/ FURTHER INFORMATION Viewing is by strictly by prior arrangement with the sole agents. Please constact Halls Commercial for further information.
James Evans
E:
[email protected] Rebecca Welch
E:
[email protected] 01743 450 700 IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent they are, given notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not consitute part of an over or contract. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existance or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or her own enquiries in this
regard. iii) Neither Halls nor any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority .