Mellor Rd
Cheadle SK8 5AU
Mellor House · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Open plan office space
- Natural light
- Kitchen and WC facilities
EXECUTIVE SUMMARY
Office Investment Disposal - Mellor House, Mellor Road, Cheadle Hulme, SK8 5AU
Future residential potential. 4,721 sq ft of office space with 10 car parking spaces. Let to 2 tenants producing £58,500 PA.
OIEO £600,000. 9.28% NIY. £127 psf
Future residential potential. 4,721 sq ft of office space with 10 car parking spaces. Let to 2 tenants producing £58,500 PA.
OIEO £600,000. 9.28% NIY. £127 psf
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold/Long Leasehold
Building Size
4,721 SF
Building Class
B
Year Built
1962
Price
£600,000
Price Per SF
£127.09
Net Initial Yield
9.28%
NOI
£55,680
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,361 SF
Parking
10 Spaces (2.12 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
