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161-161A Councillor Ln 1,301 SF Retail Building Cheadle SK8 2JE $299,788 ($230.43/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Property occupies a prominent position on the retail parade
- Junction 2 of the M60 is within close proximity of the property
- Ample customer parking
EXECUTIVE SUMMARY
The shop comprises of one large retail area, currently utilised as discount retailer store. Towards the rear of the shop there is a small kitchenette, WC and large storeroom.
The first-floor dwelling consists of a two-bedroom apartment with spacious living fully equipped kitchen and bathroom.
A small courtyard to the rear provides access to retail property and flat via an external staircase.
The first-floor dwelling consists of a two-bedroom apartment with spacious living fully equipped kitchen and bathroom.
A small courtyard to the rear provides access to retail property and flat via an external staircase.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,301 SF
Building Class
B
Year Built
1970
Price
$299,788
Price Per SF
$230.43
Cap Rate
6.40%
NOI
$19,186
Tenancy
Single
Building Height
2 Stories
Frontage
19’ on Councillor Lane
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NEARBY MAJOR RETAILERS
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161-161A Councillor Ln
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