4-6 Trinity St
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4-6 Trinity St
3,329 SF 100% Leased Retail Building Stoke On Trent ST1 5RW $502,002 ($151/SF) 7.93% Cap Rate
Investment Highlights
- A part let town centre investment with ground floor retail units let to Subway, Hair Salon & Kebab Shop
- It is a few minutes drive from Festival Retail Park and the A500 giving access to M6 J15 & J16.
- The property is located towards the top of Trinity Street, off Etruria Road A5010, within Hanley town centre.
Executive Summary
Freehold subject to existing leases in place.
Lease for Unit 4 (Hairdresser) in the process of being renewed for a 5 year term at £8,100 per annum with annual break clauses.
Lease for Unit 5 (Kebab shop) 15 year term from 1st December 2012 expires 30th November 2027 at £12,000 pa
Lease for Unit 6 (Subway) 15 year term from 28th January 2022 at £8,400 pa with rent review and break clauses 28th Jan 2027 & 28th Jan 2032, expires 27th Jan 2037. Licence agreement in place for office 4-6 on first floor at £2,820 pa.T
Lease for Unit 4 (Hairdresser) in the process of being renewed for a 5 year term at £8,100 per annum with annual break clauses.
Lease for Unit 5 (Kebab shop) 15 year term from 1st December 2012 expires 30th November 2027 at £12,000 pa
Lease for Unit 6 (Subway) 15 year term from 28th January 2022 at £8,400 pa with rent review and break clauses 28th Jan 2027 & 28th Jan 2032, expires 27th Jan 2037. Licence agreement in place for office 4-6 on first floor at £2,820 pa.T
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,329 SF
Building Class
B
Year Built
1989
Price
$502,002
Price Per SF
$151
Cap Rate
7.93%
NOI
$39,804
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.38 AC
Frontage
51 FT on Trinity Street
Amenities
- Storage Space
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4-6 Trinity St
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