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19-19A Market St 1,486 SF Retail Building Stalybridge SK15 2AL $399,212 ($268.65/SF) 9.43% Cap Rate
Investment Highlights
- Central town position on Market Street
- Fully let generating £28,300/annum
- Close to railway station
- Gross initial yield circa 9.4%
Executive Summary
A three storey middle of terrace mixed retail and residential property of brick construction under a pitched slate roof. Comprising of a takeaway at ground level which operates as ‘Phat Ladz’, a burger outlet, with a well fitted shop front servery, centralised kitchen, and rear ancillary. There is also basement storage. The first and second floors each comprise a well fitted and modern 1 bed apartment. The ground floor and upper floors are separately access.
The property is currently let, the Ground Floor 25 year lease effective July 2016 with 3 year rent reviews and a current passing rent of £11,500/annum. First Floor & Second Floor each separately let on an Assured Short-hold Tenancy at a combined rent roll of £17,940/annum.
The property is currently let, the Ground Floor 25 year lease effective July 2016 with 3 year rent reviews and a current passing rent of £11,500/annum. First Floor & Second Floor each separately let on an Assured Short-hold Tenancy at a combined rent roll of £17,940/annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,486 SF
Building Class
C
Year Built
1960
Price
$399,212
Price Per SF
$268.65
Cap Rate
9.43%
NOI
$37,659
Tenancy
Single
Building Height
3 Stories
Frontage
20’ on Market Street
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Nearby Major Retailers
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19-19A Market St
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