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Maple Court 147-149 Cross St 9,775 sq ft 100% Let Retail Property Sale M33 7JW £2,175,000 (£222.51/sq ft) 6.50% Net Initial Yield

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Investment Highlights

Prominent roadside retail investment
Public transport access

9,662 sq ft ground floor retail accommodation

Executive Summary

We are seeking offers in excess of £2,175,000 (Two Million, One Hundred and Seventy Five Thousand Pounds) plus VAT, which reflects a net initial yield of 6.50% and a reversionary yield of at least 8.65%, after purchasers costs of 6.30%.

Brochure

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Shopfront Retail / Residential

Property Size

9,775 sq ft

Costar Property Class

Year Built

2018

Price

£2,175,000

Price per sq ft

£222.51

Yield

6.50%

NOI

£141,375

Occupancy Rate

100%

Tenancy

Multiple

Number of Floors

Plot ratio

0.25

Total Plot Size

0.89 ac

Parking

64 Spaces (1.64 Spaces per 1,000 sq ft Leased)

Frontage

225 ft on Cross St

Major Tenants

Retailer
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Co-op is the UK’s fifth biggest food retailer, with more than 2,500 local, convenience and medium-sized stores. They are also the UK’s number 1 funeral services provider, a major general insurer, and a growing legal services business. As well as having clear financial and operational objectives and employing nearly 70,000 people, they are a recognised leader for their social goals and community-led programmes. They exist to meet members' needs and stand up for the things they believe in.