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12 Lichfield St 5,383 SF Retail Condo Unit Offered at $535,260 in Burton On Trent DE14 3QZ
INVESTMENT HIGHLIGHTS
- Well located
- Retail investment let to The Air Ambulance Service
- Current retail income £30,000 per annum
EXECUTIVE SUMMARY
The retail investment property is situated in a prominent trading position in Lichfield Street, on the edge of Burton upon Trent town centre close to The Octagon and Coopers Square shopping centres. Nearby occupiers include Evans Cycles, Spartan Motor Factors, Machine Mart, and ASDA. The premises comprise a single floor retail unit with a small rear garage for storage, parking to the rear for staff and 10 spaces to the front for customers.
PROPERTY FACTS Under Contract
| Total Building Size | 10,569 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 10,569 SF |
| Property Subtype | Storefront | Year Built | 1979 |
| Building Class | B |
| Total Building Size | 10,569 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 10,569 SF |
| Year Built | 1979 |
AMENITIES
- Security System
- Automatic Blinds
- Storage Space
1 UNIT AVAILABLE
Unit 4
| Unit Size | 5,383 SF | Tenure | Freehold |
| Price | $535,260 | Sale Status | Under Contract |
| Price Per SF | $99.44 | Cap Rate | 7.50% |
| Condo Use | Retail | NOI | $40,144.52 |
| Sale Type | Investment | No. Parking Spaces | 10 |
| Unit Size | 5,383 SF |
| Price | $535,260 |
| Price Per SF | $99.44 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Status | Under Contract |
| Cap Rate | 7.50% |
| NOI | $40,144.52 |
| No. Parking Spaces | 10 |
DESCRIPTION
The unit comprises a net internal area of 5,383 sq ft with additional WC and store facilities.
SALE NOTES
Offers are invited in the region of £400,000 which reflects a net initial yield of 7.5% based on the rental.
NEARBY MAJOR RETAILERS
Presented by
12 Lichfield St
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