Commercial property for sale in Cheapside, Hanley, Stoke-On-Trent ST1
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Property features
- To be offered on Thursday 30 May
- High Yielding Retail Investment Opportunity
- Let on a Lease Expiring September 2025
- Producing £13,000 per annum
- Established and Popular Location
- Guide Price Reflects 32.5% Gross Yield
- No VAT
Property description
Strapline
Auction Sale - 29/05/2024
High Yielding Convenience Store Investment Opportunity
Let on a Lease Expiring September 2025 Producing £13,000 per annum
Description
The property comprises a high yielding retail investment forming part of an established and popular local parade.
Arranged across ground floor only, the property is let to Private Individuals (t/a The Seafarer Cafe) on a five year lease expiring 30th September 2025 and paying a rent of £13,000 per annum.
Hanley is an established and popular suburb of Stoke-on-Trent and is due to receive significant funds as part of the UK Government "Levelling Up" initiative.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.