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The Mulberry Leaves Churnet Way 6,448 SF Retail Building Leek ST13 8YG $3,069,777 ($476.08/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 10 miles northeast of Stoke-on-Trent, 24 miles south of Manchester, and 30 miles northwest of Derby.
- In a predominantly residential area, with nearby amenities including local shops and recreational facilities.
- The location enjoys good road connectivity, with the A53 linking Leek to Stoke-on-Trent and Buxton.
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £2,300,000 (Two Million Three Hundred Thousand), subject to contract and exclusive of VAT equates to a Net Initial Yield of 8.0% after full purchasers’ costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
6,448 SF
Building Class
B
Year Built
2015
Price
$3,069,777
Price Per SF
$476.08
Cap Rate
8%
NOI
$245,582
Tenancy
Single
Building Height
2 Stories
Building FAR
0.09
Lot Size
1.73 AC
Parking
32 Spaces (16 Spaces per 1,000 SF Leased)
Frontage
64’ on Macclesfield Road
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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The Mulberry Leaves | Churnet Way
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