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11-13 High St 1,062 sq ft Retail Unit Offered at £85,000 in Stoke On Trent ST10 1AA
INVESTMENT HIGHLIGHTS
- Two storey retail premises
- Shared private car park to the rear
- Town Centre location
EXECUTIVE SUMMARY
Two storey High Street retail premises in the heart of Cheadle town centre. Currently let to Vaper Aid who are holding over at £5,400 per annum, the property has use of a shared private car park to the rear and offers investors a fantastic opportunity for income and rental growth. The property is located at the lower end of High Street in Cheadle. Short stay 'on street' parking is available to the front and there is a shared private car park to the rear. Sat Nav users should use post code: ST10 1AA
PROPERTY FACTS
| Total Property Size | 2,233 sq ft | Typical Floor Size | 517 sq ft |
| Property Type | Retail (Unit) | Year Built | 1955 |
| Property Subtype | Shopfront Retail / Office | Total Plot Size | 0.02 ac |
| Costar Property Class | B | Parking Allocation | 9.67/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 2,233 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Office |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 517 sq ft |
| Year Built | 1955 |
| Total Plot Size | 0.02 ac |
| Parking Allocation | 9.67/1,000 sq ft |
AMENITIES
- Security System
- Roller Shutters
- Storage Space
1 UNIT AVAILABLE
Unit 11A
| Unit Size | 1,062 sq ft | Tenure | Freehold |
| Price | £85,000 | Net Initial Yield | 6.35% |
| Price Per sq ft | £80.04 | NOI | £5,400 |
| Unit Use | Retail | Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Unit Size | 1,062 sq ft |
| Price | £85,000 |
| Price Per sq ft | £80.04 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.35% |
| NOI | £5,400 |
| Sale Conditions | Auction Sale |
DESCRIPTION
Two storey High Street retail premises in the heart of Cheadle town centre. Currently let to Vaper Aid who are holding over at £5,400 per annum, the property has use of a shared private car park to the rear and offers investors a fantastic opportunity for income and rental growth.
SALE NOTES
Freehold subject to the existing Tenancy to Vaper Aid at £5,400 per annum. We have been advised that the
Tenant is currently holding over however please refer to the legal pack for further information. For Sale by public auction on Monday 19th February 2024 at 6.30pm. The Double Tree by Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ. Live online bidding available.
NEARBY MAJOR RETAILERS
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11-13 High St
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