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Units 1-9 Milvale Street 2 Industrial Properties Offered at £495,000 in Stoke on Trent
Investment Highlights
- Net Initial Yield – 9.31%
- Capital Value - £33.27 per square foot
- Reversionary Yield – 12.47%
Executive Summary
The property comprises a self-contained industrial investment let to two long standing tenants who have been in occupation for circa 20 years. Units 1-2 are occupied by GM Panels on a lease which expires in September 2026 with Units 3-9 being occupied by Ace Vauxhall Parts who are currently holding over on their lease agreement.
The total current passing rent is £46,100 per annum exclusive which breaks back to a low £3.09 per square foot overall.
There is an excellent opportunity for value enhancement through asset management and a potential reversionary rent of £61,750 per annum exclusive.
The total current passing rent is £46,100 per annum exclusive which breaks back to a low £3.09 per square foot overall.
There is an excellent opportunity for value enhancement through asset management and a potential reversionary rent of £61,750 per annum exclusive.
Property Facts
| Price | £495,000 | Number of Properties | 2 |
| Price psf | £33.28 / sq ft | Individually For Sale | 0 |
| Yield | 9.31% | Total Property Size | 14,875 sq ft |
| Sale Type | Investment or Owner Occupier | Total Land Area | 1.68 ac |
| Status | Active |
| Price | £495,000 |
| Price psf | £33.28 / sq ft |
| Yield | 9.31% |
| Sale Type | Investment or Owner Occupier |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Property Size | 14,875 sq ft |
| Total Land Area | 1.68 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| Milvale St, Stoke on Trent ST6 3NT | Industrial | 10,581 sq ft | 1990 | - |
|
Units 3-9
Milvale St, Stoke on Trent ST6 3NT |
Industrial | 4,294 sq ft | 1985 | - |
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Units 1-9 Milvale Street
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