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Wedgwood Portfolio, Stoke-on-Trent, Staffordshire

Midlands

dba152

Portfolio
£19,432,400

Tenure: Freehold
Tenancy: Single Let

Investment summary

•The portfolio comprises three properties: Factory Shop and Precision Studios, both in Longton, and Global Processing Centre, Stone Business Park. The total area is 19,820 sq m (213,346 sq ft).

•The Precision Studios was constructed in approximately 1975 and has accommodation totalling 8,236 sq m (88,651 sq ft) overall.

•The Factory Shop was developed in the late 1970s and has a floor area totaling 3,792 sq m (40,817 sq ft).

•Wedgwood Portfolio is let to Josiah Wedgwood & Sons Ltd with a surety from Waterford Wedgwood Plc.

•The lease expires July 2037.

•The passing rent is £1,027,117 per annum equating to £51.82 per sq m (£4.81 per sq ft) on the Global Processing Centre, £310,412 per annum on Precision Studio, Longton equating to £37.69 per sq m (£3.50 per sq ft) and £156,502 per annum on the Factory Shop, Longton equating to £41.27 per sq m (£3.83 per sq ft). The total passing rent is £1,494,031.

•Net intial yield 7.4%.

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF

Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.