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44 Market St 1,971 sq ft Retail Property Crewe CW1 2EL £195,000 (£98.93/sq ft) 9.74% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Town centre retail investment – Starbucks unaffected
- The property is located in the centre of Crewe on Market Street opposite Crewe Town Square and close to national retailers
- Tenant established in this location for 10 years
EXECUTIVE SUMMARY
The property is let to Café Fortune Limited (Company No. 08787652), T/A Starbucks at £19,000pa on an FRI lease from 21st September 2015 for 20 years. Break effective from September 2026 upon giving 6 months prior notice, if exercised Copy of the lease available upon request.
TENURE
Available freehold, subject to contract and with the benefit of the existing FRI lease.
TENURE
Available freehold, subject to contract and with the benefit of the existing FRI lease.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,971 sq ft
Costar Property Class
B
Year Built
1890
Price
£195,000
Price per sq ft
£98.93
Yield
9.74%
NOI
£19,000
Tenancy
Single
Number of Floors
2
Frontage
18 ft on Market Street
AMENITIES
- EPC - D
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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44 Market St
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