One Stop, 4/6 High Street, Chasetown, Burntwood, Staffordshire WS7 3XF
Burntwood, WS7 3XF
Sold
Price
£365,000
Rent (pa)
£31,300
Yield
8.25%
Investment Summary
- Convenience store and residential investment
- Very busy local area with densely populated residential and student accommodation
- 4,850 sq ft ground floor supermarket and separate 3 bedroom flat above
- Freehold
- Let to One Stop Stores Limited (D&B 5A1 – Turnover £1.14bn)
- 15 years with effect from 14 July 2008, expiring 13 July 2023 (3 years unexpired)
- Current rent of £25,000 per annum (£12.61 psf)
- 3 bedroom flat let on an AST for £6,300 per annum (£525 pcm)
- Total income £31,300 per annum
- No VAT applicable
- Quoting offers in excess of £365,000 (STC)
- 8.25% Net Initial Yield
Interested in this property?
Contact our team for more information or speak directly with Daniel Campbell.
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