Property Information
Address:
Buildings 1 & 3 Etruria Office Village, Festival Park, Stoke-on-Trent ST1 5RQ
, ST1 5RQ
Price: Property no longer available.
Size: 30634 sq ft2845 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH580812
Property Ref/Agent: Buildings 1 3 Etruria Office Village Festival Park Stoke Trent
*Please use the agent ref when calling the agent directly.
Property description
Address
Buildings 1 & 3 Etruria Office Village,
Festival Park, Stoke-on-Trent
ST1 5RQ
Sale Price
Consult us
Property TypeInvestmentOffice
Status
Available
Tenure
for sale
Details
An opportunity to acquire two modern out of town office buildings.
Located on Festival Pa rk
Stoke on Trents premier mixed use Business and Retail Pa rk with occupiers including Bet365, Royal Mail, Vodafone, Handelsbanken and Wa rdell Armstrong.
Building 1 let to the undoubted covenant of The First Secretary Of State (The Probation Service).
Building 3 let to The Secretary Of State For Communities And Local Government (The Crown Prosecution
Service) and Thompsons Solicitors LLP. First floor vacant and subject to vendors rent guarantee.
Total floor area of 30,643 sq. ft. including 120 car parking spaces (ratio of 1:255 sq. ft.).
Total annual rent of 378,933 per annum (including vendors rent guarantee).
AWULT to breaks of 3.23 years and to lease expiry of 4.34 years.
Long leasehold at a peppercorn rent.
Seeking offers in excess of 3,650,000 (Three Million, Six 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 9.75%
allowing for purchasers costs of 6.51%.
Location
North Staffs
Accommodation30634 sq ft (2846 sq m)
Office
Stoke-on-Trent Office
The properties comprise two modern detached office buildings constructed in 2006 by St Modwen Developments.
The general specification for both buildings includes:
Steel frame construction
Brick elevations and profile clad roofs
Double glazed aluminium windows
Passenger lifts and toilets on each floor
Perimeter trunking and suspended ceilings with recessed lighting
Comfort cooling (Building 3)
DDA compliant
Building 1 is a two storey building with two service cores incorporating two passenger lifts. The building has 59 car parking spaces to the front providing a ratio of 1:261 sq. ft.
Building 3 is arranged over 3 floors with a single service core incorporating the passenger lift and toilets. The building has provision for 61 car parking spaces providing a ratio of 1:250 sq. ft.
;