Property overview

Stafford 88, Acton Gate, Stafford, ST18 9AA

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£9,000,000
Oct 2021

The property comprises a modern distribution warehouse situated adjacent to  Junction 13 of the M6 motorway.  The unit extends to 88,601 sq.ft on a site of 5.68 acres and is fully let to Stone Technologies Ltd on a lease expiring on 25 May 2025.  There is a reversionary lease expiring on 25 May 2035, subject to tenant’s option to break on 25 May 2030, providing 13.6 years to expiry and 8.6 years to break.  The current passing rent is £475,000 per annum reflecting a low £5.36 per sq.ft.  Offers sought in excess of £9,000,000 which reflects a net initial yield of 4.95% and a low capital value of £102 per sq.ft.