Stoke industrial estate bought
Sandyford Properties has bought an estate of 16 industrial units, on the edge of Fenton Industrial Estate in Stoke-on-Trent, called City Park for £3.46m.
The estate comprises of 16 units, and is 88,718sq ft in size. It is currently let to 18 occupiers in spaces that range from 1,759 sq ft up to 16,132 sq ft. The net initial yield that City Park achieves is 7.70%, but agreed recently renewed lease terms have risen to £4 per sq ft, an overall increase of 38%.
The development is fully let, across 18 occupiers, amongst whom are so... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
