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Roadside Real Estate Asset in Stoke

Sector: Residential • Location: Stoke, Staffordshire, United Kingdom

Source: Financial Conduct Authority (FCA)

AssetPrivate

Joint venture acquisition of a roadside real estate asset in Stoke, UK, with lettable space of 15,489 sq.ft. over four units leased to Costa Drive Thru, TGI Friday's, Nando's, and wagamama. The asset generates £408,000 net operating income with a weighted average unexpired lease term of 11.6 years. The site includes 239 car parking spaces and potential for installing at least 12 ultra-fast EV char

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The project “Roadside Real Estate Asset in Stoke” is an infrastructure initiative in the Residential sector, located in Stoke, Staffordshire, United Kingdom. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

Joint venture acquisition of a roadside real estate asset in Stoke, UK, with lettable space of 15,489 sq.ft. over four units leased to Costa Drive Thru, TGI Friday's, Nando's, and wagamama. The asset generates £408,000 net operating income with a weighted average unexpired lease term of 11.6 years. The site includes 239 car parking spaces and potential for installing at least 12 ultra-fast EV chargers generating additional income. Acquisition cost was £5.28 million.

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