12 High St
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12 High St
3,293 SF 100% Leased Retail Building Uttoxeter ST14 7HT $411,387 ($125/SF) 7.90% Cap Rate
Investment Highlights
- There is parking along the rear elevation forming part of the property.
- The property is an attractive mid-terrace two storey commercial building with a recessed frontage, timber sash windows and beneath a pitched roof
- The property is located centrally within the pedestrianised area of Uttoxeter High Street
Executive Summary
The property is freehold and let entirely to Friary Shoes Limited on a full repairing and insuring Lease from 29th September 2023 for a term
of 10 years at a passing rent of £26,500 per annum, with 5th year rent review and Tenant option to determine.
of 10 years at a passing rent of £26,500 per annum, with 5th year rent review and Tenant option to determine.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,293 SF
Year Built
1990
Price
$411,387
Price Per SF
$125
Cap Rate
7.90%
NOI
$32,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.24
Land Acres
0.06 AC
Parking
1 Space (0.3 Spaces per 1,000 SF Leased)
Frontage
21 FT on High Street
Amenities
- Energy Performance Rating - C
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12 High St
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