Offers in region of
£250,000
(£92.59/sq. ft)
Retail premises for saleHigh Street, Stoke-On-Trent ST10
2,700 sq. ft
About this property
For Sale: 7.2% High-Yield Commercial Property Investment Opportunity
Long standing Corporate Tenant.
By order of an asset manager
Property Highlights
-Location: Prime location with excellent accessibility and high foot traffic.
-Rental Yield: 7.2%. Exceptional yield offering strong returns on investment.
Tenant Profile:
-Corporate long term tenant with established business and presence.
Property Type:
-Retail and office (potential for residential conversion on upper levels subject to permitted development approval)
-Size: 2400 sqft (estimated - prospective buyers to undertake own measurements)
-The property is arranged on ground and two upper floors to provide a ground ancillary and storage accommodation above. The property intercommunicates with the adjoining shop, also trading as Coral which is not included in the sale.
Lease Terms:
-Full insuring and repairing lease (Landlord does not maintain the property or pay for insurance).
-Lease Expiry Dates: 2027.
-Buyer to negotiate extension or renewal terms in 2027.
-The entire property is let to coral racing ltd Ltd for a term of 10 years from 24th June 2017 (Ladbrokes and Coral merged in 2016 to create Ladbrokes Coral Group plc, the largest bookmakers in the UK with some 3,500 stores.)
Financial Summary
-Annual Rental Income: £18,000
-VAT is applicable to this lot, however it will be sold as a togc whereby the buyer (once VAT registered) will not pay VAT on the purchase price.
Why Invest?
-High Growth Area: Located in a booming region with increasing property demand.
-Reliable Income Stream: Secured by stable, long-term tenants.
-Potential for Capital Growth: Opportunity to benefit from appreciation in property value.
-Do not miss this rare chance to acquire a high-yield, income-generating commercial property in a prime location!
Disclaimer: JLR Estates have not inspected this property and take no responsibility for the accuracy of the information provided above. The information provided above, including the square footage, has been loosely obtained from the Title Deeds and from the lease. Prospective buyers to make their own enquiries.
For overseas investors. We support overseas investors. Chinese and arabic translators available.
Long standing Corporate Tenant.
By order of an asset manager
Property Highlights
-Location: Prime location with excellent accessibility and high foot traffic.
-Rental Yield: 7.2%. Exceptional yield offering strong returns on investment.
Tenant Profile:
-Corporate long term tenant with established business and presence.
Property Type:
-Retail and office (potential for residential conversion on upper levels subject to permitted development approval)
-Size: 2400 sqft (estimated - prospective buyers to undertake own measurements)
-The property is arranged on ground and two upper floors to provide a ground ancillary and storage accommodation above. The property intercommunicates with the adjoining shop, also trading as Coral which is not included in the sale.
Lease Terms:
-Full insuring and repairing lease (Landlord does not maintain the property or pay for insurance).
-Lease Expiry Dates: 2027.
-Buyer to negotiate extension or renewal terms in 2027.
-The entire property is let to coral racing ltd Ltd for a term of 10 years from 24th June 2017 (Ladbrokes and Coral merged in 2016 to create Ladbrokes Coral Group plc, the largest bookmakers in the UK with some 3,500 stores.)
Financial Summary
-Annual Rental Income: £18,000
-VAT is applicable to this lot, however it will be sold as a togc whereby the buyer (once VAT registered) will not pay VAT on the purchase price.
Why Invest?
-High Growth Area: Located in a booming region with increasing property demand.
-Reliable Income Stream: Secured by stable, long-term tenants.
-Potential for Capital Growth: Opportunity to benefit from appreciation in property value.
-Do not miss this rare chance to acquire a high-yield, income-generating commercial property in a prime location!
Disclaimer: JLR Estates have not inspected this property and take no responsibility for the accuracy of the information provided above. The information provided above, including the square footage, has been loosely obtained from the Title Deeds and from the lease. Prospective buyers to make their own enquiries.
For overseas investors. We support overseas investors. Chinese and arabic translators available.
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