Syndicate Type: Income & Geared
Asset Type: Warehouse/Industrial
Property Address: The Diamond, Stone Business Park, Stone
Tenant: Revlon International Corp
Break Option: 19/04/2015
Lease Expiry: 18/04/2020
Passing rent: £322,000
The property is located in Stone, Staffordshire, approximately 8 miles south of Stoke-on-Trent. The property is situated in Stone Business Park, accessed from the A34 Stafford Road, one of the main arterial routes to the town centre.
There are a number of large distribution units on the subject estate, with occupiers including Sainsbury’s, Royal Mail and Delice de France.
The property comprises a two bay distribution warehouse of steel portal framed construction. The building has part brick/block and part profile metal clad elevations beneath a pitched, corrugated asbestos roof.
To the rear of the depot is a concrete surfaced yard accessed from Diamond Way. The warehouse provides nine dock level loading bays plus one standard ramped loading floor to the rear yard. A small, former security brick building is also located within the yard that has been converted to office use. Car parking is provided to the front of the offices for 23 vehicles.