Property overview

Langley Alloys, Campbell Road, Stoke on Trent

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Jan 2008

Franck-Steier Price Ltd (FSP) have recently concluded the acquisition of an industrial unit on Campbell Road, Stoke on Trent on behalf of a private client.

The unit totals 58,254 sq.ft and is let to Langley Alloys Limited for a term of 10 years with effect from 1st September 2007 at a passing rent £160,000 per annum.

The purchase price was £1,722,000 which reflected a net initial yield of 8.79%.