Victoria Sq 7,153 SF Retail Building Stoke On Trent ST1 4JH $897,944 ($125.53/SF) 10.36% Cap Rate
INVESTMENT HIGHLIGHTS
- Ground floor opening as a fusion restaurant Spring/Summer 2024
- The property is easily accessible from junction 15 of the M6, around 4 miles away and the A500 and A50 in and out of Stoke on Trent
- First floor operating as supported living accommodation
EXECUTIVE SUMMARY
Town centre investment opportunity, fully let on 5 year lease at £72,000pa rising to £75,000 in year 2 (July 2024) and £78,000 in year 3
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
7,153 SF
Building Class
C
Year Built
1900
Price
$897,944
Price Per SF
$125.53
Cap Rate
10.36%
NOI
$93,024
Tenancy
Single
Building Height
3 Stories
Building FAR
0.93
Lot Size
0.18 AC
Parking
6 Spaces (0.84 Spaces per 1,000 SF Leased)
Frontage
67’ on Victoria Square
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NEARBY MAJOR RETAILERS
