Unit 16, Parker Court, Staffordshire Technology Park, Stafford
- Now Sold
- Offers in region of £1,050,000
10,070 sq.ft. (935.53 sq.m.)
- Prime business park location
- High yielding investment opportunity
- Let on ten year FRI lease
- Producing £105,735 per annum
The property is situated close to the University on the Staffordshire Technology Park at Beaconside, approximately one mile north-east from the town centre and linked to Junction 14 of the M6 motorway about three miles distant via the A513 Eastern Distributor Road.
Stafford also benefits from its rail connection links providing intercity services throughout the national network. The Staffordshire Technology Park is the town's principal office development and is home to many major occupiers including Defra, NFU Mutual Assurance, Handlesbanken, Amey Plc, British Red Cross, Nestor Healthcare and Mid-Staffordshire General Hospitals.
Parker Court is a development of nine office buildings completed in 2004 and grouped around extensive car parking and landscaped areas. Unit 16 is of three-storey detached brick construction with a roof in tile and was designed to provide open plan space at ground, first and second floor levels accessed by way of an entrance lobby leading to male and female W.C. facilities on each floor.
Original fitted features include air conditioning, lift, suspended ceilings with recessed Category II compliant lighting, carpeting, full access raised floors, double glazing and fire and security alarm systems.
The building is leased in its entirety to Intaforensics Limited, a leading provider of digital forensic services, for a term of ten years from the 29th September 2015 at a rental of £105,735 per annum exclusive with a mid-point review and a tenant break option at the end of the sixth year. The availability of this attractive property provides an ideal opportunity for a purchaser to acquire a high yielding income producing investment.
Millar Sandy are instructed jointly with the Newcastle-upon-Tyne office of Metcalfe Harland.