Ace Liberty & Stone has announced a further addition to the company's portfolio with the purchase of 1-5 Upper Market Square, Hanley.
The contracts were exchanged on 8 August 2016 by Ace (Hanley) Limited, a 100% subsidiary of the Company, for the sum of £9 million, with completion on 8 November.
The property is located in a prime position in Hanley, which is the primary commercial centre of Stoke-on-Trent. It is comprised of two retail units arranged over basement, ground and three upper floors, totalling 59,358 square feet. 74% of the letting income comes from Boots Limited, with 24 years unexpired and remaining income from National Westminster Bank Plc for 12 years.