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29 Piccadilly
Stoke On Trent ST1 1EN

Retail Property For Sale

Storefront Properties Staffordshire Stoke On Trent 29 Piccadilly, Stoke On Trent ST1 1EN

Investment Highlights

  • Excellent location in Hanley Cultural Quarter
  • The first floor provides for a commercial kitchen, preparation area, storage and office.
  • The property is a well maintained two storey mid-terrace building which has been fully refurbished over recent years including new flooring,

Executive Summary

The property is freehold and a lease renewal completed on the following
terms:
- Tenant: Blooms Bar Limited
- Renewal Lease dated 2nd February 2024, for a term of 4 years from 9th August 2024.
- Full repairing and inuring basis.
- Stepped rent of £13,500 until 9
th August 2024, £14,000 pa until 8th
August 2025 and £15,000 pa thereafter.
- Tenant option to determine 8th August 2026, subject to 6 months prior
notice.
- Rent deposit held for the lease duration

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,375 SF
Building Class
B
Year Built
1836
Price
$328,706 CAD
Price Per SF
$239 CAD
Cap Rate
7.30%
NOI
$23,987 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
43 ft on Piccadilly

Amenities

  • Security System
  • Storage Space
 

  • Listing ID: 31133394

  • Date on Market: 2024-03-06

  • Last Updated:

  • Address: 29 Piccadilly, Stoke On Trent ST1 1EN

The Retail Property at 29 Piccadilly, Stoke On Trent, ST1 1EN is currently available for sale. Contact Mounsey Chartered Surveyors for more information.

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