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Building 1 & 3 Etruria Office Village, Festival Park, Stoke On Trent, Staffordshire, ST1 5RQ

Offers in Excess of
£4,250,000

£138.69 per sq. ft.

Business rates & charges may apply

Harris Lamb, Stoke-On-Trent
SIZE AVAILABLE
30,643 sq. ft.
(2,847 sq. m.)
SECTOR
Office for sale

Key features

  • ST1074

Property description

An opportunity to acquire two fully let modern office buildings

Located on Festival Park - Stoke on Trent's premier mixed use Business and Retail Park with occupiers including Bet365, Royal Mail, Vodafone, Handelsbanken, DPD, West Midlands Ambulance Service and Wardell Armstrong

Building 1 let on a new 10 year lease to the undoubted covenant of The First Secretary Of State For Communities and Local (The Probation Service)

Building 3 let to The Secretary Of State For Communities And Local Government (The Crown Prosecution Service), Thompsons Solicitors LLP and GVA Acuity

Total floor area of 30,643 sq. ft. including 120 car parking spaces (ratio of 1:255 sqft)

Total annual rent of £384,138 per annum (including vendors rent top up).

66% income from Secretary Of State

WAULT to lease expiry 7.25 years, to breaks 6.15 years

Capital value £146 per sqft

Building 1 provides 10 year secure income. Building 3 gives future asset management opportunities

Long leasehold at a peppercorn rent

Seeking offers in excess of £4,250,000 (Four Million, Two Hundred and Fifty Thousand Pounds) subject to contract for our clients long leasehold interest.

A purchase at this level reflects a net initial yield of 8.0% allowing for purchasers costs of 6.57%

Brochures

Building 1 & 3 Etruria Office Village, Festival Park, Stoke On Trent, Staffordshire, ST1 5RQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Longport Station1.3 miles
  • Stoke-on-Trent Station1.5 miles
  • Longton Station3.6 miles

Notes

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Disclaimer - Property reference 4043FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Harris Lamb, Stoke-On-Trent. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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