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Victoria Sq 7,153 sq ft Retail Property Stoke On Trent ST1 4JH £695,000 (£97.16/sq ft) 10.36% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Ground floor opening as a fusion restaurant Spring/Summer 2024
- The property is easily accessible from junction 15 of the M6, around 4 miles away and the A500 and A50 in and out of Stoke on Trent
- First floor operating as supported living accommodation
EXECUTIVE SUMMARY
Town centre investment opportunity, fully let on 5 year lease at £72,000pa rising to £75,000 in year 2 (July 2024) and £78,000 in year 3
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
7,153 sq ft
Costar Property Class
C
Year Built
1900
Price
£695,000
Price per sq ft
£97.16
Yield
10.36%
NOI
£72,000
Tenancy
Single
Number of Floors
3
Plot ratio
0.93
Total Plot Size
0.18 ac
Parking
6 Spaces (0.84 Spaces per 1,000 sq ft Leased)
Frontage
67 ft on Victoria Square
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NEARBY MAJOR RETAILERS
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Victoria Sq
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