Instructions

TRAVIS PERKINS, SCOTIA ROAD, TUNSTALL, STOKE ON TRENT

SALE

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%.

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