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7 Liverpool Rd

1,288 SF Retail Building Stoke On Trent ST4 1AR £199,950 (£155/SF) 9.75% Net Initial Yield

Investment Highlights

  • Comprises retail unit together with two self-contained flats.
  • Fully modernised property offering low management input
  • Forming part of an established parade of shops with main road frontage

Executive Summary

The property is available freehold, subject to contract and with the benefit of the existing leases in place at date of completion.
The ground floor shop is let to an individual (with guarantor) by way of an internal repairing and insuring commercial lease for a term of five years commencing 17th November 2023. During the lease there are incremental annual rent rises as follows:
Year 1: £6,540 pa
Year 2: £7,020 pa
Year 3: £7,500 pa
Year 4: £7,980 pa
Year 5: £8,460 pa

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,288 SF
Building Class
B
Year Built
1987
Price
£199,950
Price Per SF
£155
Net Initial Yield
9.75%
NOI
£19,500
Tenancy
Single
Number of Floors
3
Frontage
23 ft on Liverpool Rd

Amenities

  • Security System
  • Storage Space

Nearby Major Retailers

Lloyds Bank
Sainsbury's
Iceland
Lidl
Co-operative Food
SPAR
Londis
ALDI
ASDA
Pure Gym
  • Listing ID: 31674097

  • Date on Market: 02/05/2024

  • Last Updated:

  • Address: 7 Liverpool Rd, Stoke On Trent ST4 1AR

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