LAWTON HOUSE, BELLRINGER ROAD, TRENTHAM LAKES SOUTH, STOKE-ON-TRENT, ST4 8HH

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  • Address

    LAWTON HOUSE, BELLRINGER ROAD, TRENTHAM LAKES SOUTH, STOKE-ON-TRENT, ST4 8HH

    ST4 8HH

  • Sale Price

    £1,360,000 - £1,360,000 exclusive
  • Property Type

    Investment

  • Status

    Available

  • Tenure

    for sale

  • Details

    The property comprises a modern detached two storey office building constructed in the mid 1990’s with the general specification to include:
    • Suspended ceilings with fluorescent lighting
    • Raised access floors
    • Comfort cooling
    • 8 person passenger lift
    • Male, female and disabled toilets on both floors

    Externally, there is a car park to the front providing approximately 57 parking spaces (ratio 1:228 sq ft).

  • Location

    North Staffs

  • Accommodation

    • 12992 sq ft (1207 sq m)
  • Office

    Stoke-on-Trent Office

• AN OPPORTUNITY TO ACQUIRE A FREEHOLD SELF-CONTAINED OFFICE BUILDING.
• LOCATED ON TRENTHAM LAKES – ONE OF STOKE-ON-TRENT’S  PREMIER MIXED USE BUSINESS PARKS.
• DETACHED BUILDING GIVING 13,000 SQ FT (1,207 SQ M) OF MODERN OFFICE ACCOMMODATION OVER TWO FLOORS WITH APPROXIMATELY 57 CAR PARKING SPACES (RATIO 1:228 SQ FT).
• OCCUPIED BY NORTH STAFFORDSHIRE COMBINED HEALTHCARE NHS TRUST AS THEIR TRUST HEADQUARTERS.
• HELD ON A LEASE EXPIRING 8TH AUGUST 2022 AT A RENT OF £130,000 PER ANNUM PROVIDING JUST UNDER 5 YEARS TO LEASE EXPIRY.
• SEEKING OFFERS IN EXCESS OF £1,360,000 (ONE MILLION, THREE HUNDRED AND SIXTY THOUSAND POUNDS), SUBJECT TO CONTRACT FOR OUR CLIENT’S FREEHOLD INTEREST. A PURCHASE AT THIS LEVEL REFLECTS AN ATTRACTIVE NET INITIAL YIELD OF 9.0% ALLOWING FOR PURCHASER’S COSTS OF 6.03%.
• LOW CAPITAL VALUE OF £104 PER SQ FT.

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LAWTON HOUSE, BELLRINGER ROAD, TRENTHAM LAKES SOUTH, STOKE-ON-TRENT, ST4 8HH
ST4 8HH