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2-3 Lakeside 2,028 sq ft Office Unit Offered at £300,000 in Stoke On Trent ST1 5RY
Investment Highlights
- Good road connections
- Close to residential
- Amenities nearby
Executive Summary
Stoke on Trent is located 45 miles north of Birmingham and a similar distance to the south of Manchester. Stoke benefits from good quality road links with access to Junctions 15 and 16 of the M6 Motorway and the A50 which gives access to the East Midlands and M1 Motorway. Stoke is also served by the West Coast Main Line giving regular train services to Manchester, Birmingham and London. The premises are situated on Festival Park which has been developed by St Modwen / Indurent over the last 30 years. It has become the largest out of town office park in the area accommodating a broad range of occupiers in the commercial, retail and leisure sectors. 3 Lakeside sits to the north of Festival Park and is prominently located fronting Festival Way / Etruria Valley Link Road providing direct access to the A500 D Road at the Wolstanton junction. Surrounding occupiers include Handelsbanken. Royal Mail, DJH Accountants, Wardell Armstrong and Bet 365.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 8.33% |
| Sale Type | Investment |
| Net Initial Yield | 8.33% |
| Tenure | Freehold |
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 3 | 2,028 sq ft | Office | £300,000 (£147.93/sq ft) | £25,000 |
Unit 3
| Unit Size |
| 2,028 sq ft |
| Unit Use |
| Office |
| Price |
| £300,000 (£147.93/sq ft) |
| NOI |
| £25,000 |
Unit 3
| Unit Size | 2,028 sq ft |
| Unit Use | Office |
| Price | £300,000 (£147.93/sq ft) |
| NOI | £25,000 |
| Sale Type | Investment |
| Net Initial Yield | 8.33% |
| Tenure | Freehold |
| Description | |
| 3 Lakeside comprises a two-storey mid terrace office building of brick construction with a pitched tiled roof above. The premises were originally constructed in the late 1980’s and benefit from 13 parking spaces giving a generous parking ratio of 1:156 sq ft. Internally, there is a variety of open plan and partitioned office space at ground and first floor level being fully carpeted, heated with a gas central heating system and having suspended ceilings with recessed lighting. Both floors have kitchenette facilities with toilets on each floor. | |
| Sale Notes | |
| Price £300,000 – 8.0% Net Initial Yield |
Property Facts
| Total Property Size | 6,446 sq ft | Typical Floor Size | 2,053 sq ft |
| Property Type | Office (Unit) | Year Built | 1966 |
| Costar Property Class | B | Parking Allocation | 4.87/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 6,446 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 2,053 sq ft |
| Year Built | 1966 |
| Parking Allocation | 4.87/1,000 sq ft |
Amenities
- Security System
- Signage
- Air Conditioning
Presented by
2-3 Lakeside
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