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29 Piccadilly 1,375 SF Retail Building Stoke On Trent ST1 1EN $246,917 ($179.58/SF) 7.98% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent location in Hanley Cultural Quarter
- Commercial investment opportunity
EXECUTIVE SUMMARY
Commercial Investment. The property is a well maintained two storey mid-terrace building, with ground floor customer area, split level to the bar area, 2 x WCs and storage. The first floor provides for a commercial kitchen, preparation area, storage and office. The property is freehold subject to the existing lease:
Tenant: Blooms Bar Limited (Company No. 12046851).
Renewed Lease dated 2nd February 2024, for a term of 4 years from 9th August 2024.
Full repairing and inuring basis.
Current rent £15,000 pa from 8th August 2025.
Tenant option to determine 8th August 2026, subject to 6 months prior notice.
Rent deposit held for the lease duration.
Tenant: Blooms Bar Limited (Company No. 12046851).
Renewed Lease dated 2nd February 2024, for a term of 4 years from 9th August 2024.
Full repairing and inuring basis.
Current rent £15,000 pa from 8th August 2025.
Tenant option to determine 8th August 2026, subject to 6 months prior notice.
Rent deposit held for the lease duration.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,375 SF
Building Class
B
Year Built
1900
Price
$246,917
Price Per SF
$179.58
Cap Rate
7.98%
NOI
$19,704
Tenancy
Single
Building Height
2 Stories
Frontage
43’ on Piccadilly
AMENITIES
- Security System
- Storage Space
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NEARBY MAJOR RETAILERS
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29 Piccadilly
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