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67-75 School Rd 11,269 sq ft 100% Let Retail Property Sale M33 7YF £845,000 (£74.98/sq ft) 7.74% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold investment in Sale’s prime retail zone
- Prominent corner position near major national retailers
- Passing rent of £69,000 per annum with reversionary potential
EXECUTIVE SUMMARY
This freehold investment opportunity comprises a substantial corner property on Sale’s prime pedestrianised retail pitch. The building offers ground-floor retail accommodation with separately accessed upper floors, currently let to British Heart Foundation and Stalder Academy, generating a passing rent of £69,000 per annum. With a WAULT of 3.3 years and clear reversionary potential, the asset provides scope for value enhancement through active management. Offers are invited in excess of £845,000, reflecting a net initial yield of 7.74% and a reversionary yield of approximately 9%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
11,269 sq ft
Costar Property Class
B
Year Built
1980
Price
£845,000
Price per sq ft
£74.98
Yield
7.74%
NOI
£65,403
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.90
Total Plot Size
0.29 ac
Parking
4 Spaces (0.28 Spaces per 1,000 sq ft Leased)
Frontage
46 ft on School Road
AMENITIES
- 24 Hour Access
- Corner Lot
- Signage
- Storage Space
- Smoke Detector
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NEARBY MAJOR RETAILERS
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67-75 School Rd
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