Building 1 & 3 Etruria Office Village Festival Park

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

30,643 - 30,643 sq ft
For sale price: £4,250,000 offers in excess of
Buy Investment Office

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%

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