21 Springfield Crescent - Garden of Remembrance 1,479 SF Specialty Building Offered at £995,000 at a 15.08% Net Initial Yield in Stoke On Trent ST3 2QW
INVESTMENT HIGHLIGHTS
- Potential to expand operating buildings and extend services offered to the public
- Additional income from Grave surrounds and Internment Sites
- Regular income from existing family clients
EXECUTIVE SUMMARY
An established garden of remembrance offering burial and internment of ashes sites in the heart of Stoke. Operating for approximately 25 years, less than 50% of the site is currently laid out as burial ground and there is considerable potential to increase capacity of the site.
The reception, office and car park are at the entrance to the site and all access to the cemetery is controlled. Planning consent was obtained in 2015 to construct a new extension to be able to offer committal services and additional facilities but the planning was never action and will need to be renewed.
The reception, office and car park are at the entrance to the site and all access to the cemetery is controlled. Planning consent was obtained in 2015 to construct a new extension to be able to offer committal services and additional facilities but the planning was never action and will need to be renewed.
PROPERTY FACTS
| Price | £995,000 |
| Price Per SF | £672.75 |
| Sale Type | Investment |
| Net Initial Yield | 15.08% |
| Tenure | Freehold |
| Property Type | Specialty |
| Property Subtype | Cemetery/Mausoleum |
| Lot Size | 2.70 AC |
| Building Size | 1,479 SF |
| Number of Floors | 1 |
| Year Built | 1999 |
| Parking Ratio | 31.1/1,000 SF |
AMENITIES
- EPC - D
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