Fletcher King Cosnett Price - Industrial Sale - Stoke on Trent, Rosevale Business Park

Date: 20 Jun 2001

Fletcher King Cosnett Price have enjoyed tremendous success at Rosevale Business Park along with their joints agents Daniel & Hulme, to secure several disposals of brand new warehouse and industrial buildings over the last six months. The buildings comprise phase two of the development of Rosevale Business Park.

Unit 2 was sold to Inside Right, a transaction which occurred within seven days of receiving an offer at a price of £1.6 million. The building has a floor area of 30,000 sq ft (2,787 sq m) and was sold as a shell, the tenants have undertaken a fit out.

Unit 3 has been sold to Mitek Limited, a local computer hardware distribution company who acquired the freehold at a figure of £1.035 million. The building totals 22,000 sq ft (2,043.8 sq m).

Unit 5 was pre-let to Sews UK Limited, part of (Sumitomo) who have taken a 15 year lease on 40,000 sq ft (3,716 sq m) which includes dock loading, canopies and feature split level offices. The rental paid was £164,000 per annum.

Alan Price of Fletcher King Cosnett Price comments:

"We have benefited from a general improvement in the market in the Stoke on Trent area. All of the disposals were to local companies. My client has a very dynamic approach to providing buildings that suit the requirements of operators. Both myself and Richard Day of Daniel & Hulme are delighted with the outcome of Rosevale Business Park."

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