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10 Moorland Rd 589 sq ft 100% Let Retail Property Stoke On Trent ST6 1DW £85,000 (£144.31/sq ft) 14% Net Initial Yield
Investment Highlights
- EPC rating C
- Approximate gross yield of 14.12% at the starting bid
- Separately accessed two-bedroom first-floor flat
- Modern shopfront with shutters
Executive Summary
Freehold mixed-use investment offered for sale by auction at a starting bid of £85,000. The entire building is reported to be let at a combined rent of £1,000 pcm, comprising a ground-floor vape and refreshment shop with a separately accessed two-bedroom flat above. Auction fees, terms and conditions apply, and the brochure states that immediate exchange of contracts is available. The purchaser should verify the tenancy terms, rent allocation, operating expenses and condition of the accommodation, as the agent notes that the first-floor flat and property were not inspected.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
589 sq ft
Costar Property Class
C
Year Built
1900
Price
£85,000
Price per sq ft
£144.31
Yield
14%
NOI
£11,900
Occupancy Rate
100%
Number of Floors
3
Plot ratio
0.29
Total Plot Size
0.05 ac
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Nearby Major Retailers
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10 Moorland Rd
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