Castlefields Surgery, Castle Way
Savills land

Castlefields Surgery, Castle Way, Stafford, ST16 1BS

£1,200,000 Score 0.5/10

Description

A two storey purpose built freehold medical centre. Let on a 21 year lease expiring 20.11.2045. NHS backed income. Development potential (subject to necessary consents). Asset management potential (38% patient increase over 2 years). Benefitting from 41 space car park and additional land. NIA approx. 4, 933 sq ft (458.3 sq m). Investment let at £88, 165 p.a. (7.35% GIY on Guide Price)

Opportunities

  • Development potential

Risks

  • 24% above market avg

Lot details

  • A two storey purpose built freehold medical centre
  • Let on a 21 year lease expiring 20.11.2045
  • NHS backed income
  • Development potential (subject to necessary consents)
  • Asset management potential (38% patient increase over 2 years)
  • Benefitting from 41 space car park and additional land
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Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.