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  5. Stoke-on-Trent
  6. Hill Top, Cannock Chase

Unit 10, Chancery Ln, Stoke On Trent

under offer

Retail storefront under offer in Stoke On Trent

£3,198,000 / 56,900 sq ft

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Highlights

Features

Full address
Unit 10, Chancery Ln, Stoke On Trent ST3 1NQ
Asking price
£3,198,000
Links
Pdf #1 marketing brochure/flyer

Sale details

There is 1 space available, measuring 56,900 sq ft.

Sale unit Under offer

Unit
Sale unit
Size
56,900 sq ft
Price
£3,198,000
Price per sq ft
£56.20
  • Prominent town centre retail warehouse units adjacent busy shopping centre.
  • Located in the town’s retail core and over 400 car parking available.
  • Purpose built retail warehouse extending to a total gross internal area of 60,137 sq ft Occupied by Home Bargains and Wilko from the resilient discount retail sector Both businesses have very low risk covenants, each achieving revenues in excess of £1.5 billion per annum.
  • Strong covenants with Experian rating of 100/100 The tenants have paid their rent in full during the pandemic.
  • Significant asset management potential from vacant space.
  • Additional income from an O2 telecommunications mast.
  • Total rental income of £323,485 per annum Freehold Offers sought in excess of £3,198,000 which reflects a NIY of 9.50% and a Reversionary Yield of 11.85% after full costs.
  • Very low capital value of £53 psf (below replacement cost).
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for Unit 10, Chancery Ln, Stoke On Trent

The property comprises a detached building of steel frame construction with brick/block work cladding. Internally the premises provides retail and office accommodation over ground and first floors.

The property is located with direct frontage to Commerce Street which gives access to the A50 and Motorway network at Junctions 15/16 of the M6 and Junction 24 of the M1. Longton’s Intermodal transport facility is within easy walking distance giving access to local bus networks and Central Rail. Links at Stoke Mainline rail give regular services to London, Birmingham and Manchester.

Building subtype
Retail storefront
Number of storeys
2
Parking ratio
7.02
Total building area
56,900 sq ft
Rentable building area
56,900 sq ft
Lot size
1.04 acres
Construction material
Steel
Year built
2008
Parking
Covered: 400

Major tenants

Name Description Size Move in date Locations
Home Bargains Description Dollar / Variety / Thrift Size 10,000 sq ft Move in date 10/2009 Locations 478 (National) National
Wilko Description Department Store Size 10,000 sq ft Move in date - Locations 438 (National) National

Map & nearby

Unit 10, Chancery Ln, Stoke On Trent

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Carrick Real Estate

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Carrick Real Estate. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Carrick Real Estate for full details and further information. 7490248