Victoria Sq - Victoria Buildings 4,188 SF Retail Unit Offered at £1,215,000 in Warrington WA4 6LG
PROPERTY FACTS
| Price | £1,215,000 |
| Unit Size | 4,188 SF |
| No. Units | 1 |
| Total Building Size | 32,487 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 10,829 SF |
| Year Built | 1960 |
| Lot Size | 0.50 AC |
| Parking Ratio | 0.25/1,000 SF |
1 UNIT AVAILABLE
Unit 1-2
| Unit Size | 4,188 SF |
| Price | £1,215,000 |
| Price Per SF | £290.11 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.48% |
| NOI | £103,000 |
DESCRIPTION
The property forms part of the well know Victoria Buildings which comprises 10 units arranged over ground, first and second floors, together with ancillary terraces and pavement seating. The property underwent a comprehensive redevelopment in 2003/04 behind a retained early 1900’s façade and now provides attractive, well configured accommodation fitted out to the current tenants’ trading styles. The Slug & Lettuce is a highly prominent unit and extends 4,188 sq.ft.
SALE NOTES
The asset is let on a FR&I lease to Stonegate Pub Company Limited expiring in July 2033 at a current rent of £103,000 per annum. The tenant extended the original lease term by 5 years in July 2023.
Interior Photo
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AMENITIES
- 24 Hour Access
- Storage Space
NEARBY MAJOR RETAILERS
