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79 Market St 1,366 sq ft 62% Let Retail Property Stoke On Trent ST3 1BW £145,000 (£106.15/sq ft) 9.40% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Well presented and modernised throughout
- Main road frontage on the junction of Market Street and Uttoxeter Road
- 3 storey property comprising ground floor retail unit with flat above
EXECUTIVE SUMMARY
The property is available freehold for £145,000, subject to contract and with the benefit of the existing lease in place at date of completion.
The ground floor shop is vacant, and the first and second floor flat is let by way of a Shorthold Tenancy Agreement for a 12-month period from 23rd May 2023 at a rent of
£625pcm. Now holding over at an increased rent of £675pcm. Overall income stands at £8.100 pa.
The ground floor shop is vacant, and the first and second floor flat is let by way of a Shorthold Tenancy Agreement for a 12-month period from 23rd May 2023 at a rent of
£625pcm. Now holding over at an increased rent of £675pcm. Overall income stands at £8.100 pa.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,366 sq ft
Costar Property Class
B
Year Built
1930
Price
£145,000
Price per sq ft
£106.15
Yield
9.40%
NOI
£13,630
Occupancy Rate
62%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.31
Total Plot Size
0.10 ac
Frontage
17 ft on Market Street
AMENITIES
- 24 Hour Access
- Signage
- Storage Space
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- POSITION
- AVAILABLE
A well-presented ground floor boutique located in the town centre with strong roadside visibility and passing traffic. The property has been recently refurbished to a high standard and benefits from LED lighting, modern tiled flooring and efficient electric heating
| Space | Size | Space Use | Position | Available |
| Ground | 315 sq ft | Retail | In-Line | Now |
Ground
| Size |
| 315 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Ground
| Size | 315 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
A well-presented ground floor boutique located in the town centre with strong roadside visibility and passing traffic. The property has been recently refurbished to a high standard and benefits from LED lighting, modern tiled flooring and efficient electric heating
1 1
NEARBY MAJOR RETAILERS
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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79 Market St
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