Buildings 1 & 3 Etruria Office Village, Festival Park, Stoke-on-Trent

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  • Address

    Buildings 1 & 3 Etruria Office Village,
    Festival Park, Stoke-on-Trent

    ST1 5RQ

  • Sale Price

    Consult us
  • Property Type

    Investment

    Office

  • Status

    Available

  • Tenure

    for sale

  • Details

    – An opportunity to acquire two modern out of town office buildings.
    – Located on Festival Pa rk – Stoke on Trent’s 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

  • Accommodation

    • 30634 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.

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Buildings 1 & 3 Etruria Office Village, Festival Park, Stoke-on-Trent
ST1 5RQ