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The Mulberry Leaves Churnet Way 6,448 sq ft Retail Property Leek ST13 8YG £2,300,000 (£356.70/sq ft) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Approximately 10 miles northeast of Stoke-on-Trent, 24 miles south of Manchester, and 30 miles northwest of Derby.
- In a predominantly residential area, with nearby amenities including local shops and recreational facilities.
- The location enjoys good road connectivity, with the A53 linking Leek to Stoke-on-Trent and Buxton.
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £2,300,000 (Two Million Three Hundred Thousand), subject to contract and exclusive of VAT equates to a Net Initial Yield of 8.0% after full purchasers’ costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
6,448 sq ft
Costar Property Class
B
Year Built
2015
Price
£2,300,000
Price per sq ft
£356.70
Yield
8%
NOI
£184,000
Tenancy
Single
Number of Floors
2
Plot ratio
0.09
Total Plot Size
1.73 ac
Parking
32 Spaces (16 Spaces per 1,000 sq ft Leased)
Frontage
64 ft on Macclesfield Road
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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The Mulberry Leaves | Churnet Way
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