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1-3 Church St 700 sq ft Office / Retail Unit Offered at £145,000 in Stone ST15 8BD
INVESTMENT HIGHLIGHTS
- Mixed Residential and Commercial Investment
- Ground Floor Retail Unit and flat above
- Convenient Town Centre Location
EXECUTIVE SUMMARY
Attractive period building in a convenient town centre location. The ground floor suite provides a high quality office/retail accommodation in the popular Stone Town Centre. The building is of traditional brick wall construction under a pitched tiled roof and the suite itself benefits from laminate flooring, recessed spotlighting and exposed beams. The suite further benefits from a kitchen with a fitted dishwasher central heating and W.C. facilities. The first floor provides a two bedroom duplex flat and is presently unoccupied.
PROPERTY FACTS
| Total Property Size | 2,035 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 678 sq ft |
| Property Subtype | Shopfront | Year Built | 1901 |
| Costar Property Class | B | Total Plot Size | 0.10 ac |
| Total Property Size | 2,035 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 678 sq ft |
| Year Built | 1901 |
| Total Plot Size | 0.10 ac |
AMENITIES
- Security System
- EPC - D
- Storage Space
- Recessed Lighting
1 UNIT AVAILABLE
Unit 1&1A
| Unit Size | 700 sq ft | Sale Type | Investment |
| Price | £145,000 | Tenure | Freehold |
| Price Per sq ft | £207.14 | Net Initial Yield | 6.93% |
| Unit Use | Office / Retail | NOI | £10,048.50 |
| Unit Size | 700 sq ft |
| Price | £145,000 |
| Price Per sq ft | £207.14 |
| Unit Use | Office / Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.93% |
| NOI | £10,048.50 |
DESCRIPTION
Attractive period building in a convenient town centre location. The ground floor suite provides a high quality office/retail accommodation in the popular Stone Town Centre
The office/sales area is 225 sqft, the kitchen is 87 sqft and the total property is 700 sqft.
SALE NOTES
£145,000
Ground Floor : Let to Miss D Ball at £6,000 per annum on a new 10 year lease dated 30th
September 2020 with a break option on the 30th September 2027. The tenant has been
in occupation since 2014.
First Floor : A new AST lease is being negotiated at £495 pcm.
Total potential income: £11,940 per annum
NEARBY MAJOR RETAILERS
Presented by
1-3 Church St
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