UNDER OFFER

Crown Bank

Crown Bank, Hanley, Stoke On Trent, Staffordshire, ST1 1JY

5,761 - 5,761 SqFt
For sale price: £590,000 offers in excess of
Buy Investment

Location:

Stoke on Trent has a population of approximately 260,000 people and is located 15 miles to the north of Stafford, 12 miles to the south east of Crewe and 10 miles to the south of Congleton. Stoke on Trent benefits from a main line of railway station providing regular services to Manchester, Birmingham and London.

Crown Bank is situated in the heart of the city centre (Hanley) at the junction of Stafford Street, Percy Street, and Piccadilly. The city centre is the primary shopping centre for Stoke on Trent with the Intu Potteries Centre approximately 150 m to the north accommodating a wide variety of retail occupiers in 80 retail units, 6 restaurants and a 9 screen cinema.

Nearby occupiers include Greggs, HSBC, Specsavers and Coral.

Investment Summary:

Modern three storey building
Prominent City Centre location
Fully let to TSB Bank Plc
Lease expiry 27th April 2024
Rent £49,000 per annum
Freehold
Offers in excess of £590,000 subject to contract and exclusive of VAT. This reflects a net initial yield of 7.91% after purchasers’ costs of 5.02%.

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