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Tenure
Freehold.
Tenancies
An Agreement for Lease dated xxx has been signed with Fastned UK Limited, with a guarantee from Fastned B.V, [note: cannot see any reference to the guarantor in the AFL] for a term of 30 years, without breaks, at an initial rent of £84,000 per annum. The lease will provide a three month rent free period.
There are annual increases in accordance with increases in the Consumer Price Index, subject to a minimum annual increase of 2% and maximum of 4%.
The lease will complete once the current planning application has been granted.
Power Supply
There is a 2MVA (Mega Volt-Amperes) power supply secured from National Grid, and Fastned will be developing the necessary infrastructure and substation as part of their EV hub development. This power supply and associated infrastructure will remain at the end of the 30 year lease, ensuring future use for EV Charging or other uses. Fastned will be granting a sub-lease of the substation to National Grid for a term co-terminus with the tenant’s lease, less one day.
Site
The site area is approximately 0.54 acres (0.22 hectares).
The tenant has carried out a complete set of surveys as part of their planning submittal.
A Phase 1 Geo-Environmental Desk Study and Coal Mining Risk Assessment was undertaken on behalf of Fastned UK Limited by RLRE Consulting Engineers in July 2025.
The report concluded that “the site is not determined as Contaminated Land under Part IIA EPA 1990” and “is considered to present a moderate risk to human health and Controlled Waters from contamination.”
The Coal Mining Risk Assessment concludes that “no records of recorded shallow workings have been identified within, or within the vicinity of the site” and that “recorded workings beneath the site are at significant depth and are considered to present a very low risk to the proposed development.”
The report includes a Flood Risk Assessment which concludes that the risk of flooding is classed as negligible across the site. In addition, a separate Flood Risk Statement dated 4th August 2025 states that there is less than a 0.1 percent (1 in 100) chance of flooding occurring from fluvial sources in any given year.
In addition, the tenant has carried out an Arboricultural Impact Assessment & Tree Survey and Biodiversity Net Gain Assessment.
Copies of all these reports are available to download.
Covenants
Fastned UK Limited (Company number 11140404) is the UK operating subsidiary of Fastned B.V., a Netherlands-registered company specialising in the development, ownership and operation of ultra-rapid electric vehicle (EV) charging infrastructure across Europe.
Fastned B.V. provides a parent company guarantee to support the tenant’s obligations. The parent company has a reported market capitalisation of approximately €425 million and is ranked among the top three Charge Point Operators (CPOs) by revenue reflecting its scale and market confidence in the business. Fastned operates an extensive and growing European charging network and has established itself as a leading brand in the EV infrastructure sector.
Fastned ‘s revenues generated from EV charging increased by 44% year-on-year to €32.0 million in Q3 2024. The company has achieved positive EBITDA for the second consecutive year, reporting €4.6 million in FY2023 and €8.7 million in FY2024, with forecasts of €15.4 million in FY2025. Fastned also maintains a strong balance sheet, with a cash position of €117.4 million at FY2024, providing significant headroom to fund ongoing expansion across Europe and the UK.
The covenant strength of the group is further enhanced by a €75 million strategic investment from Schroders Capital, a global institutional investor. This investment was made to accelerate Fastned’s long-term growth strategy and expansion, particularly within key European markets including the UK. For further information see here.
Fastned has also secured significant public-sector endorsement in the UK. Transport for London has entered into a joint venture with Fastned to develop new ultra-rapid EV charging hubs across its estate, demonstrating strong institutional confidence in Fastned’s operational capability, financial standing and long-term commitment to the UK market. For further information see here.
Rateable Value
EV Charging hubs are exempt, hence there are no business rates payable.
Planning
A certificate of (proposed) lawful development for the installation of EV charging upstands was granted by Stoke-on-Trent City Council on 1st July 2025. A certificate of (proposed) lawful development for the installation of a substation was granted on 9th October 2025. Copies of these certificates can be obtained via the data room.
Whilst the site now has full consent for the construction of an ultra rapid EV charging hub, Fastned have submitted their own planning application for its standard blueprint EV hub design which was submitted on the 1st October 2025. See here the application (link to online page at Local Planning Authority). We are advised that permission is anticipated in March 2026. Given the site’s existing consents and the Government’s drive for more EV infrastructure throughout the UK, we suggest that it would be difficult for Stoke Council to object to the scheme, particularly being on a redundant car park within a non-residential location.
VAT
The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).
Title
Note that a title insurance policy from Zurich Insurance plc exists in relation to defects in title and restrictive covenants. Further information is available within the data room.
Proposal
We are seeking offers in the region of £1,320,000 (One Million, Three Hundred and Twenty Thousand Pounds, subject to contract, reflecting a net initial yield of 6.0%.
The sale contract is conditional upon planning. When planning is obtained, this will trigger completion of the lease in accordance with the Agreement for Lease.
Should planning fail to be obtained within six months, the vendor will reimburse the purchaser’s reasonable legal fees, subject to a cap at £7,500 plus VAT.
The purchaser is required to pay a contract deposit of 10% of the purchase price. Interest will accrue to the benefit of the purchaser for a period commencing 8 weeks from exchange of the purchase contract.
The purchaser is to reimburse the cost of searches at £XX. We will check this with Kuits
Investment Considerations
An opportunity to invest into the Ultra Rapid EV Charging Hub market;
A new scheme offering 30 years of income;
The tenant is part of a European company with a market capitalisation of €425m, acting as guarantor to the lease;
Highly prominent site;
Attractive lot size and yield.
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