Trentham Technology Park, Bellringer Road, Stoke-On-Trent ST4 8LJ

Stoke-on-Trent, ST4 8GZ

Sold

Price £2,200,000

Rent (pa) £223,278

Yield 9.55%

Investment Summary

An opportunity to acquire a well-let, high yielding multi-let office park investment
Strategic location with excellent connectivity between the North West and Midlands via Junction 15 of the M6
Well established and popular office park sitting alongside large industrial and logistics hub
Four single storey office buildings totalling a gross internal area of 24,000 sq ft
Large site extending to 3.35 acres with 70 demised car parking spaces
Total rental income of £223,278 per annum which equates to a low rate of £9.30 psf
Further income provided through fixed maintenance rents running above estate maintenance costs
Total ERV of £260,000 (£10.83 psf)
43% of the rental income secured against North Staffordshire Combined Healthcare NHS Trust
Other tenants include Strathmore College Limited, Aware Digital, Dale and Collins Estate Agency and Top Banana Signs
The large site includes an undeveloped landscaped roadside strip of land totalling c. 0.54 acres