The Hollies, Newport Road, Stafford ST16 1BY
AP Investment has completed the sale of a mixed use investment with development potential in Stafford on behalf of Mileway.
The Hollies comprises four buildings totalling 26,983 sq ft on a 3.25 acre site with 150m road frontage and under 20% site coverage.
Currently the property is 89% let to 5 tenants with a WAULT of 2.5 years to expiries and 1.9 years to breaks. The combined income is £187,085 per annum, averaging only £7.85 per sq ft.
The site offers a variety of asset management opportunities both with existing tenants and wider redevelopment angles.
The investment was purchased by a private investor.
Jones Valerio acted for the purchaser.
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