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11 St. Edward St 852 SF 100% Leased Retail Building Leek ST13 5DR $299,788 ($351.86/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • The property is located at the top end of St Edwards Street next to St Edwards Street Car Park and within a short walk of Sheep Market in the town
  • Takeaway on ground floor with 2 bedroom flat above
  • Pizza Line established in this location for over 20 years

EXECUTIVE SUMMARY

Available freehold, subject to contract and with the benefit of the existing FRI lease.
The ground floor is let to Shalaw Kamal, T/A Pizzaline at £18,000pa on an FRI lease from 22nd November 2022 for 11years and 5 months. Copy of the lease available upon request.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
852 SF
Year Built
1970
Price
$299,788
Price Per SF
$351.86
Cap Rate
8%
NOI
$23,983
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.14
Lot Size
0.02 AC
Frontage
14’ on Saint Edward Street

AMENITIES

  • Bus Line
  • Commuter Rail
  • Corner Lot
  • Storage Space

NEARBY MAJOR RETAILERS

Co-op
Iceland
Farmfoods
Barclays
National Westminster Bank Plc
Morrisons
Lidl
Sainsbury's
ASDA
SPAR
  • Listing ID: 35328467

  • Date on Market: 4/1/2025

  • Last Updated:

  • Address: 11 St. Edward St, Leek ST13 5DR

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