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Victoria Sq - Victoria Buildings 4,188 sq ft Retail Unit Offered at £1,215,000 in Warrington WA4 6LG
PROPERTY FACTS
| Total Property Size | 32,729 sq ft | Typical Floor Size | 10,829 sq ft |
| Property Type | Retail (Unit) | Year Built | 1960 |
| Property Subtype | Shopfront | Total Plot Size | 0.50 ac |
| Costar Property Class | C | Parking Allocation | 0.25/1,000 sq ft |
| Floors | 4 |
| Total Property Size | 32,729 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | C |
| Floors | 4 |
| Typical Floor Size | 10,829 sq ft |
| Year Built | 1960 |
| Total Plot Size | 0.50 ac |
| Parking Allocation | 0.25/1,000 sq ft |
AMENITIES
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Signalised Intersection
- Wheelchair Accessible
- Roller Shutters
- Storage Space
- Smoke Detector
1 UNIT AVAILABLE
Unit 1-2
| Unit Size | 4,188 sq ft | Sale Type | Investment |
| Price | £1,215,000 | Tenure | Freehold |
| Price Per sq ft | £290.11 | Net Initial Yield | 8.48% |
| Unit Use | Retail | NOI | £103,000 |
| Unit Size | 4,188 sq ft |
| Price | £1,215,000 |
| Price Per sq ft | £290.11 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.48% |
| NOI | £103,000 |
DESCRIPTION
The property forms part of the well know Victoria Buildings which comprises 10 units arranged over ground, first and second floors, together with ancillary terraces and pavement seating. The property underwent a comprehensive redevelopment in 2003/04 behind a retained early 1900’s façade and now provides attractive, well configured accommodation fitted out to the current tenants’ trading styles. The Slug & Lettuce is a highly prominent unit and extends 4,188 sq.ft.
SALE NOTES
The asset is let on a FR&I lease to Stonegate Pub Company Limited expiring in July 2033 at a current rent of £103,000 per annum. The tenant extended the original lease term by 5 years in July 2023.
Interior Photo
NEARBY MAJOR RETAILERS
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Victoria Sq - Victoria Buildings
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