Hadleigh Park, Blythe Bridge, Stoke on Trent, ST11 9LW
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Clients of Colliers Global Investors, represented by Atlas Real Estate, have recently completed on the acquisition of a major industrial complex totalling 110 acres at Hadleigh Park.
The property is prominently situated south east of Stoke-on-Trent fronting on to the A50 Stoke-Derby Link Road.
The property comprises a total of 840,477 sq.ft and is let to Hadleigh Industrial Estates Limited for a further 38 years. The total passing rent is £918,500 per annum reflecting a low rate of £1.09 per sq.ft.
The property was acquired for a price of £24,300,000 which reflects a net initial yield of 3.54%.
Andrew Franck-Steier, Director at Atlas Real Estate ‘We were delighted to complete on the acquisition of this extremely well let strategic investment opportunity for our clients. This is the second acquisition completed for Colliers Global Investors in the last 9 months having also acquired Bromsgrove Retail Park earlier in the year.’
Cushman & Wakefield represented the vendors.
