161-161A Councillor Ln 1,301 SF Retail Building Cheadle SK8 2JE £225,000 (£172.94/SF) 6.40% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Property occupies a prominent position on the retail parade
- Junction 2 of the M60 is within close proximity of the property
- Ample customer parking
EXECUTIVE SUMMARY
The shop comprises of one large retail area, currently utilised as discount retailer store. Towards the rear of the shop there is a small kitchenette, WC and large storeroom.
The first-floor dwelling consists of a two-bedroom apartment with spacious living fully equipped kitchen and bathroom.
A small courtyard to the rear provides access to retail property and flat via an external staircase.
The first-floor dwelling consists of a two-bedroom apartment with spacious living fully equipped kitchen and bathroom.
A small courtyard to the rear provides access to retail property and flat via an external staircase.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,301 SF
Building Class
B
Year Built
1970
Price
£225,000
Price Per SF
£172.94
Net Initial Yield
6.40%
NOI
£14,400
Tenancy
Single
Number of Floors
2
Frontage
19 ft on Councillor Lane
1 of 1
NEARBY MAJOR RETAILERS
