Instructions
TRAVIS PERKINS, SCOTIA ROAD, TUNSTALL, STOKE ON TRENT
SOLD
Disposal of a trade counter investment.
- Prominent corner site fronting the A50, opposite a recently completed trade and warehouse development.
- Trade counter & builders’ merchant facility, with a substantial secure yard.
- Site area of 2.37 acres and a low 14.11% ‘footprint’ site coverage.
- Freehold.
- Tenant: Travis Perkins Trading Company Limited (Experian Score of 100 ‘Very low Risk’).
- Term: 15 years June 2024, FRI, 5 yrly Rent Reviews to Market Rental (any increase capped at 21.67% ie 4% pa compound).
- Initial rental of £158,000 pa (£7.00 psf Market Rental on Trade Counter and £0.75 psf on surplus yard area).
- Offers in excess of £2,375,000, STC and excl of VAT, showing a NIY of 6.25%.