NEW STAFFORD INSTRUCTION
The Trustees of the Milbank Industries Limited Retirement Benefits Scheme have instructed
Millar Sandy to market the freehold interest in the
Milbank Trucks Depot at Drummond Road, Astonfields Industrial Estate, Stafford. Consisting of a 1.6 acre (0.65ha.) area of land, the property is subject to a thirty-five year effectively full repairing and insuring lease at a current rental of £33,000 per annum with about twenty-eight years unexpired. The next rent review is due in November 2009. Offered at an asking price of £575,000, the site is being sold as a freehold investment opportunity with long-term development potential.
Milbank Trucks Limited, the present tenant, provides specialist transport and lifting services from five depots in England and forms part of the
Milbank Industries Group, a family-owned private company. Established in 1986 with over 100 vehicles now in its fleet, the firm is the largest specialist crane truck hire company in the UK with a turnover of £13,367,729 reported for its financial year 2006/07 and a stated profit before tax of £808,583.
The Former Lord Nelson Public House, 31 Eastgate Street, Stafford