19 Market St 925 SF Retail Building Stalybridge SK15 2AL $400,406 ($432.87/SF) 10% Cap Rate

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.