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67-75 School Rd 11,269 SF 100% Leased Retail Building Sale M33 7YF $1,123,924 ($99.74/SF) 7.74% Cap Rate
Investment Highlights
- Freehold investment in Sale’s prime retail zone
- Prominent corner position near major national retailers
- Passing rent of £69,000 per annum with reversionary potential
Executive Summary
This freehold investment opportunity comprises a substantial corner property on Sale’s prime pedestrianised retail pitch. The building offers ground-floor retail accommodation with separately accessed upper floors, currently let to British Heart Foundation and Stalder Academy, generating a passing rent of £69,000 per annum. With a WAULT of 3.3 years and clear reversionary potential, the asset provides scope for value enhancement through active management. Offers are invited in excess of £845,000, reflecting a net initial yield of 7.74% and a reversionary yield of approximately 9%.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
11,269 SF
Building Class
B
Year Built
1980
Price
$1,123,924
Price Per SF
$99.74
Cap Rate
7.74%
NOI
$86,992
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.29 AC
Parking
4 Spaces (0.28 Spaces per 1,000 SF Leased)
Frontage
46’ on School Road
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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67-75 School Rd
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