PureGym & Starbucks, The Strand, Longton, Stoke-on-Trent ST3 2PD

Mixed use long income investment in Longton, Stoke-on-Trent, Staffordshire

Longton is one of the six towns that make up Stoke-on-Trent approximately 3 miles from Stoke-on-Trent, 45 miles south of Manchester and 45 north of Birmingham

Situated off the A50, a key expressway route between M6 Motorway in the west, with the M1 Motorway in the east

The property comprises a gym and a coffee drive thru unit

Total gross internal floor area of 13,340 sq ft

Drive thru unit let to Starbucks Coffee Company (UK) Ltd for a term of 20 years

Initial rent of £100,000 (£54.34 psf) per annum to be reviewed 5 yearly in line with RPI annually compounded (1-3% cap and collar)

The gym is to be let to PureGym Limited for a term of 15 years (Tenant break option on the 10th anniversary)

Initial rent of £110,000 (£9.56 psf) to be reviewed 5 yearly in line with RPI annually compounded (1-3% cap and collar)

Additional income from 8 EV charging bays let to Be. EV for a term of 20 years at £36,000 per annum (£4,500 per charger)

Total rental income of £246,000 per annum

AWULT of 17.7 years to expiries (15.5 years to break)

Freehold