16 Jun 2015

Investment Property For Sale

Aston Rose has been instructed to sell 1-15 Stafford Street, Hanley, Stoke-on-Trent – a prominent retail and office investment. The property is fully let to six strong covenants which include: Wilko, Gala Bingo, Savers and the Government and has a WAULT of 9.62 years to expiry, 9.44 years to break. Future alternative uses for the upper floors could be student accommodation or a budget hotel. We are inviting offers for in excess of £8.5m, reflecting net intiial yield of 9.34%. Full details are available from the Aston Rose Investment Team: robcragg@astonrose.co.uk; samharper@astonrose.co.uk; kenmorgan@astonrose.co.uk

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