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33A-33 High St 1,975 sq ft 100% Let Retail Property Stoke On Trent ST10 4DY £345,000 (£174.68/sq ft) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Car park for 6 vehicles included at the rear of the property
- Upper floors laid out as a two 2 bedroom apartments
- The Bakehouse and Moorlands Beauty are the ground floor commercial tenants
EXECUTIVE SUMMARY
33 High Street is let to a private individual T/A The Village Bakehouse, at £6,000 pa for 5 years from 01/05/23. 33a High Street is let to a private individual T/A Moorlands Beauty, at £6,000 pa for 5 years from 01/09/2022. Flat 1 (2 bed) is let to a private individual at £650pcm. Flat 2 (2 bed) is let to a private individual at £650pcm. Combined income for the property at present is £27,600pa with potential for higher future rent with rent reviews and/or new tenants
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,975 sq ft
Year Built
1974
Price
£345,000
Price per sq ft
£174.68
Yield
8%
NOI
£27,600
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.43
Total Plot Size
0.11 ac
Parking
6 Spaces (3.04 Spaces per 1,000 sq ft Leased)
Frontage
27 ft on High Street
AMENITIES
- 24 Hour Access
- Storage Space
- Air Conditioning
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33A-33 High St
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