Freehold Modern Office Investment
Freehold Modern Office Investment
Campbell Road is an established and strategic commercial and logistics location 1 mile south of Stoke-on-Trent city centre, just off the A500 Queensway, which provides immediate access to the M6 via Junction 15. Some 2 miles to the south-west, the Riverside 2 office park occupies a prominent roadside position opposite Marks & Spencer Distribution Centre. Other neighbouring occupiers include Michelin, Barclays, Sainsbury's, Dunelm and Booker Wholesale.
Freehold.
Campbell Road is an established and strategic commercial and logistics location 1 mile south of Stoke-on-Trent city centre, just off the A500 Queensway, which provides immediate access to the M6 via Junction 15. Some 2 miles to the south-west, the Riverside 2 office park occupies a prominent roadside position opposite Marks & Spencer Distribution Centre. Other neighbouring occupiers include Michelin, Barclays, Sainsbury's, Dunelm and Booker Wholesale.
Freehold.
The property comprises a modern two storey building providing office accommodation on the ground and first floors. The offices are highly specified with suspended ceilings, raised floors, central heating and air conditioning. The property benefits from 17 car parking spaces.
VAT is not applicable to this lot.
Six Week Completion
Band C. See legal pack at acuitus.co.uk
The property comprises a modern two storey building providing office accommodation on the ground and first floors. The offices are highly specified with suspended ceilings, raised floors, central heating and air conditioning. The property benefits from 17 car parking spaces.
VAT is not applicable to this lot.
Six Week Completion
Band C. See legal pack at acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground | Office | 242.47 sq m | (2,610 sq ft) | STAFFORDSHIRE DOCTORS URGENT CARE LIMITED (1) |
Approximately 6 years from 07/03/2014 |
£36,000 | (31/12/2020) |
| First | Office | 256.50 sq m |
(2,761 sq ft) | SECURITY PLUS LIMITED (2) |
10 years from 02/09/2016 | £27,000 (3) | Fixed rental increases (3) (01/09/2026) |
| Totals | 498.97 sq m |
(5,371 sq ft) |
£63,000 | ||||
(1) Staffordshire Doctors Urgent Care Limited is contracted by the NHS to operate 111 telephone helplines.
(2) For the year ending 30th September 2018, Security Plus Ltd reported a turnover of £39,259,071, pre-tax profits of £857,345 and a total net worth of £3,262,648 (Experian Group: 05/06/2019).
(3) Under the terms of the lease to Security Plus Limited, the current rent is £26,000 p.a.x., with fixed rental increases to £27,000 p.a.x.
on 02/09/2019, £28,000 p.a.x. on 02/09/2020, £28,990 p.a.x. on 02/09/2021 and £30,371 p.a.x. on 02/09/2024. The seller will pay the buyer the difference beetween £26,000 p.a.x. and £27,000 p.a.x. from completion of sale until 02/09/2019. Therefore, the property will make £27,000 p.a.x. from completion of sale.
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