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19 Market St 925 SF Retail Building Stalybridge SK15 2AL $410,228 ($443.49/SF) 10% Cap Rate
Investment Highlights
- Close by local train station
- High evening foot fall
- Central Position on Market Street
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
925 SF
Building Class
B
Year Built
1960
Price
$410,228
Price Per SF
$443.49
Cap Rate
10%
NOI
$41,023
Tenancy
Single
Building Height
4 Stories
Frontage
20’ on Market Street
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Nearby Major Retailers
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19 Market St
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