Minton Hollins Building
Shelton Old Road
Stoke-on-Trent
Staffordshire
ST4 7RY

Substantial Freehold Office Investment

  • Entirely let to Advantis Credit Limited - an established Debt Collection and Credit Management Agency and part of The CDER Group Limited, a subsidiary of Outsourcing UK Limited
  • 10 year lease from July 2020 (subject to option)
  • Comprises 19,400 sq ft plus mezzanine accommodation, with parking for 107 cars
  • Tenant recently expanded into whole building, having occupied first floor for 14 years
  • Large site area of 0.637 hectares (1.574 acres)
  • Extensively refurbished in 2020
  • Lot
    13
  • Auction
    25/Mar/2021
  • Rent
    £194,000 per Annum
  • Status
    Sold
  • Price*
    £1,450,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
  • Minton Hollins Building<br>Shelton Old Road<br>Stoke-on-Trent<br>Staffordshire<br>ST4 7RY
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
15 miles south-east of Crewe
45 miles north of Birmingham
Roads
A34, A50, A52, M6
Rail
Stoke-on-Trent
Air
Birmingham Airport
Situation

Stoke-on-Trent is located approximately 15 miles south-east of Crewe and 45 miles north of Birmingham. The property is well located on the north side of the main Shelton Old Road (A5006), at it's junction with Queensway (A500), which leads to J15 (south) and J16 (north) of the M6 motorway. The property is located in a predominantly residential location, less than half a mile from Stoke-on-Trent railway station and a short walk to Staffordshire University.

Tenure

Freehold.

Description

The property comprises a large, two storey period office building with private car parking for approximately 107 cars on a site area of
0.637 hectares (1.574 acres). The building was extensively refurbished by the landlord prior to the tenant taking a new lease on the entire property.

VAT

VAT is applicable to this lot.

Note

A 360 tour can be accessed via the link here: https://my.360picture.uk/asset/minton-hollins A Drone Flyover video can be downloaded via the link here: https://we.tl/t-xnSkX6frIi

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReviews
Ground
First
Office
Office
792.46 sq m
1,009.85 sq m
(2)
(8,530 sq ft)
(10,870 sq ft)
(2)
ADVANTIS CREDIT
LIMITED (3)
10 years from 31/07/2020
until 30/07/2030 (4) on a full
repairing and insuring lease
£194,000 (1)31/07/2025
Total
1,802.31 sq m
(19,400 sq ft)
  £194,000 (1) 

(1) The gross rent payable by the tenant is inclusive of both a management and maintenance charge, but there is no service charge as there are no common areas. Under the terms of the lease, the current gross rent payable is £162,930 pa, with a fixed rental uplift to £194,000 pa on 31/07/2022. The Vendor has agreed to top up the rent from completion of the sale to the fixed rental uplift so that the property effectively produces £194,000 pa from completion of the sale until the fixed uplift in 2022. Please see Special Conditions of Sale.
(2) Gross Internal Area approximately 2,755 sq m (29,659 sq ft). Net Internal floor areas do not include a mezzanine floor of approximately 336.40 sq m (3,621 sq ft).
(3) For the year ending 30/09/2019, Advantis Credit Limited reported a turnover of £9,763,878, pre-tax profits of £2,367,320 and total assets of £13,000,298 (NorthRow 15/02/2021). Advantis Credit Limited are part of CDER Group, which became part of Outsourcing Inc in 2016. Outsourcing Inc is a Japanese multi-national company headquartered in Tokyo with operations in China, Singapore, India, Australia, Belgium and the UK with revenues in 2017 in excess of US$2 billion (cdergroup.co.uk). Advantis are a leading UK Debt Collection Agency, specialising in Debt Collection and Credit Management, and now have over 250 members of staff (www.advantiscredit.co.uk).
(4) The lease is subject to a tenant option to determine on 31/07/2025.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    22.03.21
    File Size
    211 MB
    Login to View
  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    795 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Associate Auctioneers
Louis Taylor Commercial Estate Office, 5 King Street
Stoke-on-Trent
Staffordshire
ST5 1EN
Graham Hulse 01782 260222g.hulse@louis-taylor.co.uk
Seller's Solicitors
Knights Plc The Brampton
Newcastle-under-Lyme
Staffordshire
ST5 0QW
Tony Earl 01782 349 556tony.earl@knightsplc.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now