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Commercial property for sale in Cheapside, Hanley, Stoke-On-Trent

Investment

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11 Cheapside, Hanley, Stoke-On-Trent, St1 1Hl

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Commercial property for sale

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.

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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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.