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70-86 The Strand 13,340 sq ft 100% Let Retail Property Stoke On Trent ST3 2PD £3,185,000 (£238.76/sq ft) 7.25% Net Initial Yield
Investment Highlights
- New-build commercial scheme
- Modern specification throughout
- Excellent roadside visibility and access
- Purpose-built drive-thru unit
Executive Summary
Freehold investment producing £246,000 per annum with RPI-linked rental growth, strong national covenants and a WAULT of 17.7 years to expiry. The asset is elected for VAT and is intended to be sold as a Transfer of a Going Concern (TOGC).
The property comprises two purpose-built commercial units arranged as a drive-thru coffee outlet and a large format gym. The Starbucks unit is configured with dedicated drive-thru circulation, glazed customer frontage and demised parking, while the PureGym unit provides open-plan fitness accommodation designed for 24-hour operation. Both units are constructed to modern institutional standards and benefit from shared on-site parking and dedicated EV charging facilities.
The property comprises two purpose-built commercial units arranged as a drive-thru coffee outlet and a large format gym. The Starbucks unit is configured with dedicated drive-thru circulation, glazed customer frontage and demised parking, while the PureGym unit provides open-plan fitness accommodation designed for 24-hour operation. Both units are constructed to modern institutional standards and benefit from shared on-site parking and dedicated EV charging facilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
13,340 sq ft
Costar Property Class
B
Year Built/Renovated
2000/2026
Price
£3,185,000
Price per sq ft
£238.76
Yield
7.25%
NOI
£230,913
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.20
Total Plot Size
1.52 ac
Parking
44 Spaces (3.81 Spaces per 1,000 sq ft Leased)
Frontage
794 ft on The Strand
Amenities
- 24 Hour Access
- Signage
- Drive Thru
- Wheelchair Accessible
- Car Charging Station
Nearby Major Retailers
1 of 6
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70-86 The Strand
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