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12 Lichfield St 5,383 sq ft Retail Unit Offered at £400,000 in Burton On Trent DE14 3QZ
INVESTMENT HIGHLIGHTS
- Well located
- Retail investment let to The Air Ambulance Service
- Current retail income £30,000 per annum
EXECUTIVE SUMMARY
The retail investment property is situated in a prominent trading position in Lichfield Street, on the edge of Burton upon Trent town centre close to The Octagon and Coopers Square shopping centres. Nearby occupiers include Evans Cycles, Spartan Motor Factors, Machine Mart, and ASDA. The premises comprise a single floor retail unit with a small rear garage for storage, parking to the rear for staff and 10 spaces to the front for customers.
PROPERTY FACTS Under Offer
| Total Property Size | 10,569 sq ft | Floors | 1 |
| Property Type | Retail (Unit) | Typical Floor Size | 10,569 sq ft |
| Property Subtype | Shopfront | Year Built | 1979 |
| Costar Property Class | B |
| Total Property Size | 10,569 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 10,569 sq ft |
| Year Built | 1979 |
AMENITIES
- Security System
- Roller Shutters
- Storage Space
1 UNIT AVAILABLE
Unit 4
| Unit Size | 5,383 sq ft | Tenure | Freehold |
| Price | £400,000 | Sale Status | In Exchange |
| Price Per sq ft | £74.31 | Net Initial Yield | 7.50% |
| Unit Use | Retail | NOI | £30,000 |
| Sale Type | Investment | No. Parking Spaces | 10 |
| Unit Size | 5,383 sq ft |
| Price | £400,000 |
| Price Per sq ft | £74.31 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Status | In Exchange |
| Net Initial Yield | 7.50% |
| NOI | £30,000 |
| No. Parking Spaces | 10 |
DESCRIPTION
The unit comprises a net internal area of 5,383 sq ft with additional WC and store facilities.
SALE NOTES
Offers are invited in the region of £400,000 which reflects a net initial yield of 7.5% based on the rental.
NEARBY MAJOR RETAILERS
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12 Lichfield St
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