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George & Dragon, 38a The Strand 2,680 sq ft Retail Property Stoke On Trent ST3 2NS £795,000 (£296.64/sq ft) 9.46% Net Initial Yield
Investment Highlights
- Freehold multi-let mixed-use investment.
- Commercial unit let for 5 years from 1 July 2023 at £30,000 per annum.
- 1x commercial unit trading as an independent public house 249 sq. m (2,680 sq. ft).
Executive Summary
The property comprises a multi-let mixed-use investment consisting of 1x commercial unit trading as an independent public house (249 sq. m (2,680 sq. ft)) and 8x flats ranging from 31 sq. m (334 sq. ft) to 42 sq. m (452 sq. ft). The building itself of early 20th century origin and was refurbished to provide the existing accommodation in 2005/2006. The public house occupies the majority of the ground floor and basement. It has a modern interior with bar and seating area to the front & right-hand side, office, stores, male and female toilets and a conservatory at the rear together with a private external seating area. The flats are accessed from the left-hand side of the building via a communal entrance. Inside the communal areas and flats are finished to a modern standard. Each flat has an entrance lobby, living room, kitchen, bedroom and ensuite.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Property Size
2,680 sq ft
Costar Property Class
B
Year Built
1970
Price
£795,000
Price per sq ft
£296.64
Yield
9.46%
NOI
£75,207
Tenancy
Single
Number of Floors
1
1 1
Nearby Major Retailers
1 of 3
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George & Dragon, 38a | The Strand
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