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39B Tape St 2,633 sq ft 100% Let Retail Property Stoke On Trent ST10 1ET £299,950 (£113.92/sq ft) 7.17% Net Initial Yield
Investment Highlights
- Established children’s nursery registered for 51 children
- Very prominent location in the centre of Cheadle
- Commercial investment – Tiny Hearts Big Futures Unaffected
Executive Summary
The property is let to Tiny Hearts Big Futures Limited (Company No. 15061142), with personal guarantee at £21,500pa on an FRI lease from 15th September 2023 for 7 years with rent reviews at the end of year 3 and 6. Copy of the lease available upon request.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Child Care Centres / Nursery
Property Size
2,633 sq ft
Costar Property Class
B
Year Built
1980
Price
£299,950
Price per sq ft
£113.92
Yield
7.17%
NOI
£21,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.21
Total Plot Size
0.05 ac
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 29
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39B Tape St
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