£7,000,000
(£85.15/sq. ft)
Property for saleStone Business Park, Brooms Road, Stone ST15
82,205 sq. ft
Available immediately
About this property
-Opportunity to acquire a single let warehouse investment located on Stone Business Park, an established and well-connected Midlands Industrial location.
-Excellent connectivity situated at the junction of the A34 and A51,4 miles from the M6 (J14)
-Comprising two modern detached industrial buildings totalling 82,205 sq ft
-Let to Lucideon Group Ltd on a 20 year lease until 30th September 2041, subject to a tenant only break option in October 2031 and 2036.
-Lucideon Group Ltd has a D&B rating of 2A3 and a turnover of £23m reported in December 2024. Lucideon Group plc has made significant investment in their fit out and equipment
-Unexpired term of 15.08 years and 5.08 years until break
-Subject to upwards only rent reviews to the greater of omv or uncapped rpi in October 2026,2031 & 2036
-Rent passing of £500,000 pa. The estimated rent from the rent review on 1st October is £681,685 based on uncapped rpi, which equates to a low rent of £8.29 psf. The vendor will top the rent up to the rent resulting from the rent review.
-Freehold.
Buildings 1 & 2 are situated on Brooms Road within Stone Business Park, an established and well-occupied commercial estate serving the Midlands industrial and logistics market. The business park is home to a mix of trade counter, manufacturing and logistics occupiers, benefitting from a strong local labour pool, drawing from Stone, Stafford, Stoke-on-Trent and surrounding towns.
The park benefits from excellent connectivity at the junction of the A34 and A51, providing convenient access to Junction 14 of the M6 motorway to the south. Both stone and Stafford railway stations operate high speed services to London Euston, with Birmingham International Airport and Manchester Airport also within easy reach.
Strictly by appointment with agents.
-Excellent connectivity situated at the junction of the A34 and A51,4 miles from the M6 (J14)
-Comprising two modern detached industrial buildings totalling 82,205 sq ft
-Let to Lucideon Group Ltd on a 20 year lease until 30th September 2041, subject to a tenant only break option in October 2031 and 2036.
-Lucideon Group Ltd has a D&B rating of 2A3 and a turnover of £23m reported in December 2024. Lucideon Group plc has made significant investment in their fit out and equipment
-Unexpired term of 15.08 years and 5.08 years until break
-Subject to upwards only rent reviews to the greater of omv or uncapped rpi in October 2026,2031 & 2036
-Rent passing of £500,000 pa. The estimated rent from the rent review on 1st October is £681,685 based on uncapped rpi, which equates to a low rent of £8.29 psf. The vendor will top the rent up to the rent resulting from the rent review.
-Freehold.
Buildings 1 & 2 are situated on Brooms Road within Stone Business Park, an established and well-occupied commercial estate serving the Midlands industrial and logistics market. The business park is home to a mix of trade counter, manufacturing and logistics occupiers, benefitting from a strong local labour pool, drawing from Stone, Stafford, Stoke-on-Trent and surrounding towns.
The park benefits from excellent connectivity at the junction of the A34 and A51, providing convenient access to Junction 14 of the M6 motorway to the south. Both stone and Stafford railway stations operate high speed services to London Euston, with Birmingham International Airport and Manchester Airport also within easy reach.
Strictly by appointment with agents.
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