Sainsburys, Etruria Way, Stoke on Trent, ST1 5SAMake an enquiry
Acting on behalf of Wesleyan Assurance Society Franck-Steier Price has acquired a Sainsburys foodstore on the edge of Hanley town centre. The store is located on Etruria Road which is one of the main retail warehouse locations in The Potteries, nearby parks include Festival and Octagon Retail Parks.
The property is a purpose built foodstore built in 1989 and extends to 63,640 sqft and has an additional petrol filling station. The site overall extends to 5.8 acres and has approximately 400 customer parking spaces.
The property was let to Sainsburys Supermarkets Ltd on a 35 year lease from December 1989 which expires in December 2024. The passing rent of £1,050,000 per annum reflects c. £15.00 per sqft.
The building was acquired for £10,000,000 reflecting a yield of 9.84%.
ADS Real Estate acted for the vendor.