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2-3 Lakeside 2,028 SF Office Condo Unit Offered at $561,079 CAD in Stoke On Trent ST1 5RY
Investment Highlights
- Good road connections
- Close to residential
- Amenities nearby
Executive Summary
Stoke on Trent is located 45 miles north of Birmingham and a similar distance to the south of Manchester. Stoke benefits from good quality road links with access to Junctions 15 and 16 of the M6 Motorway and the A50 which gives access to the East Midlands and M1 Motorway. Stoke is also served by the West Coast Main Line giving regular train services to Manchester, Birmingham and London. The premises are situated on Festival Park which has been developed by St Modwen / Indurent over the last 30 years. It has become the largest out of town office park in the area accommodating a broad range of occupiers in the commercial, retail and leisure sectors. 3 Lakeside sits to the north of Festival Park and is prominently located fronting Festival Way / Etruria Valley Link Road providing direct access to the A500 D Road at the Wolstanton junction. Surrounding occupiers include Handelsbanken. Royal Mail, DJH Accountants, Wardell Armstrong and Bet 365.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 8.33% |
| Sale Type | Investment |
| Cap Rate | 8.33% |
| Tenure | Freehold |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 3 | 2,028 SF | Office | $561,079 CAD ($276.67 CAD/SF) | $46,756.59 CAD |
Unit 3
| Unit Size |
| 2,028 SF |
| Condo Use |
| Office |
| Price |
| $561,079 CAD ($276.67 CAD/SF) |
| NOI |
| $46,756.59 CAD |
Unit 3
| Unit Size | 2,028 SF |
| Condo Use | Office |
| Price | $561,079 CAD ($276.67 CAD/SF) |
| NOI | $46,756.59 CAD |
| Sale Type | Investment |
| Cap Rate | 8.33% |
| Tenure | Freehold |
| Description | |
| 3 Lakeside comprises a two-storey mid terrace office building of brick construction with a pitched tiled roof above. The premises were originally constructed in the late 1980’s and benefit from 13 parking spaces giving a generous parking ratio of 1:156 sq ft. Internally, there is a variety of open plan and partitioned office space at ground and first floor level being fully carpeted, heated with a gas central heating system and having suspended ceilings with recessed lighting. Both floors have kitchenette facilities with toilets on each floor. | |
| Sale Notes | |
| Price £300,000 – 8.0% Net Initial Yield |
Property Facts
| Total Building Size | 6,446 SF | Typical Floor Size | 2,053 SF |
| Property Type | Office (Condo) | Year Built | 1966 |
| Building Class | B | Parking Ratio | 4.87/1,000 SF |
| Floors | 2 |
| Total Building Size | 6,446 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,053 SF |
| Year Built | 1966 |
| Parking Ratio | 4.87/1,000 SF |
Amenities
- Security System
- Signage
- Air Conditioning
Presented by
2-3 Lakeside
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