35-37 Twigg St 1,757 SF 100% Leased Retail Building Stoke On Trent ST2 0JE £200,000 (£113.83/SF) 7.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Forming part of a popular terrace of mix use commercial uses
- Commercial investment property let to Coral Racing Ltd
- Double fronted property with three bed flat above (un-used)
EXECUTIVE SUMMARY
Available freehold, subject to contract and the existing lease, a copy of which can be made available.
The whole property is let to Coral Racing Ltd (Company number: 00541600) by way of a 5 year Full Repairing and Insuring lease, which commenced 15th May 2023 and expires 14th May 2028. There is a tenant break effective 24th March 2026, (six months notice period). The passing rent throughout the term is fixed at £15,000 pax.
The whole property is let to Coral Racing Ltd (Company number: 00541600) by way of a 5 year Full Repairing and Insuring lease, which commenced 15th May 2023 and expires 14th May 2028. There is a tenant break effective 24th March 2026, (six months notice period). The passing rent throughout the term is fixed at £15,000 pax.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,757 SF
Year Built
1976
Price
£200,000
Price Per SF
£113.83
Net Initial Yield
7.50%
NOI
£15,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
2.00
Lot Size
0.02 AC
Frontage
25 ft on Twigg Street
1 of 1
NEARBY MAJOR RETAILERS
