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109A-113 Nantwich Rd 3,477 SF 100% Leased Retail Building Crewe CW2 6BA $1,067,749 ($307.09/SF) 9.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Two Storey premises
- Passing rent of £63,560 ERV of £78,500
- Retail units have good unexpired lease terms
- Consisting of 7 recently refurbished apartments and 2 shops
- Income producing
EXECUTIVE SUMMARY
The property comprises a variety of terrace two-storey properties fronting and located on the corner of Nantwich Road and Edleston Road consisting of 7 recently refurbished one bedroom apartments and 2 retail shops held under separate leases. The retail shops are currently occupied by a barber shop and a mobile phone repair shop both with open plan sales areas, kitchen and WC facilities. The residential apartments have been renovated to a high standard with modern kitchen and bathrooms and carpeted throughout. At the rear of the property there is a car park area with car parking for up to eight cars.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,477 SF
Building Class
B
Year Built
1900
Price
$1,067,749
Price Per SF
$307.09
Cap Rate
9.30%
NOI
$99,301
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Frontage
47’ on Nantwich Road
AMENITIES
- Storage Space
- Smoke Detector
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NEARBY MAJOR RETAILERS
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109A-113 Nantwich Rd
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