11-13 High St 1,062 SF Retail Condo Unit Offered at $157,497 CAD in Stoke On Trent ST10 1AA
INVESTMENT HIGHLIGHTS
- Two storey retail premises
- Shared private car park to the rear
- Town Centre location
EXECUTIVE SUMMARY
Two storey High Street retail premises in the heart of Cheadle town centre. Currently let to Vaper Aid who are holding over at £5,400 per annum, the property has use of a shared private car park to the rear and offers investors a fantastic opportunity for income and rental growth. The property is located at the lower end of High Street in Cheadle. Short stay 'on street' parking is available to the front and there is a shared private car park to the rear. Sat Nav users should use post code: ST10 1AA
PROPERTY FACTS
| Price | $157,497 CAD |
| Unit Size | 1,062 SF |
| No. Units | 1 |
| Total Building Size | 2,233 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 517 SF |
| Year Built | 1955 |
| Lot Size | 0.02 AC |
| Parking Ratio | 9.67/1,000 SF |
| Sale Condition | Auction Sale |
1 UNIT AVAILABLE
Unit 11A
| Unit Size | 1,062 SF |
| Price | $157,497 CAD |
| Price Per SF | $148.30 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.35% |
| NOI | $10,005.66 CAD |
| Sale Conditions | Auction Sale |
DESCRIPTION
Two storey High Street retail premises in the heart of Cheadle town centre. Currently let to Vaper Aid who are holding over at £5,400 per annum, the property has use of a shared private car park to the rear and offers investors a fantastic opportunity for income and rental growth.
SALE NOTES
Freehold subject to the existing Tenancy to Vaper Aid at £5,400 per annum. We have been advised that the
Tenant is currently holding over however please refer to the legal pack for further information. For Sale by public auction on Monday 19th February 2024 at 6.30pm. The Double Tree by Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ. Live online bidding available.
AMENITIES
- Security System
- Automatic Blinds
- Storage Space
NEARBY MAJOR RETAILERS
