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70 Mill St 1,071 sq ft 100% Let Retail Property Macclesfield SK11 6NH £235,000 (£219.42/sq ft) 9.79% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Current rental income £23,000 per annum.
- The property comprises of a mid-terrace 2-storey retail unit with a rear yard.
- There is a pay and display car park to the rear
EXECUTIVE SUMMARY
Current rental income £23,000 per annum.
We are instructed to seek offers in the order of £235,000 exclusive of VAT and subject to contract. Purchase at this level reflects a 9.55% net initial yield after deducting standard purchase costs of 2.52%.
We are instructed to seek offers in the order of £235,000 exclusive of VAT and subject to contract. Purchase at this level reflects a 9.55% net initial yield after deducting standard purchase costs of 2.52%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,071 sq ft
Costar Property Class
B
Year Built
1959
Price
£235,000
Price per sq ft
£219.42
Yield
9.79%
NOI
£23,000
Occupancy Rate
100%
Number of Floors
2
AMENITIES
- 24 Hour Access
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
-
- -
- 999 sq ft
- -
- -
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| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
|
|
- | 999 sq ft | - | - |
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70 Mill St
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