11 St. Edward St 852 SF 100% Leased Retail Building Leek ST13 5DR £225,000 (£264.08/SF) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- The property is located at the top end of St Edwards Street next to St Edwards Street Car Park and within a short walk of Sheep Market in the town
- Takeaway on ground floor with 2 bedroom flat above
- Pizza Line established in this location for over 20 years
EXECUTIVE SUMMARY
Available freehold, subject to contract and with the benefit of the existing FRI lease.
The ground floor is let to Shalaw Kamal, T/A Pizzaline at £18,000pa on an FRI lease from 22nd November 2022 for 11years and 5 months. Copy of the lease available upon request.
The ground floor is let to Shalaw Kamal, T/A Pizzaline at £18,000pa on an FRI lease from 22nd November 2022 for 11years and 5 months. Copy of the lease available upon request.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
852 SF
Year Built
1970
Price
£225,000
Price Per SF
£264.08
Net Initial Yield
8%
NOI
£18,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.14
Lot Size
0.02 AC
Frontage
14 ft on Saint Edward Street
AMENITIES
- Bus Route
- Commuter Rail
- Corner Lot
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
