Property description
Ninja Warrior UK, Sun Street, Hanley, Stoke-on-Trent ST1 4NB
A highly reversionary detached single let industrial / leisure investment opportunity, in an excellent urban location prominently located on the fringe of Hanley Town Centre, with strong transport communications. The property comprises 21,539 sq. ft, let on a new 10 year lease, (break year 5) at a low passing rent of £83,696 per annum (£3.89 psf). Fixed rental uplift to £110,000 (£5.11 psf) with an ERV of £118,465 (£5.50 psf).
The purchase price of £1.17M reflects a NIY of 6.75%, reversionary yield of 9.56% and a low capital value of £54.32 psf.
