117 Bucknall New Rd 1,097 SF 100% Leased Retail Building Stoke On Trent ST1 2BG $246,260 CAD ($224.49 CAD/SF)

This fully refurbished mixed-use investment property offers a rare opportunity to acquire a secure, income-producing asset on the edge of Hanley town centre. Positioned on Bucknall New Road (A5008), a key arterial route into Stoke-on-Trent city centre, the property benefits from excellent visibility and strong passing traffic. The surrounding area is undergoing significant regeneration, including the development of numerous new homes, enhancing long-term value and demand.
The building comprises a ground-floor retail unit and first-floor accommodation, currently integrated into the commercial lease but with potential to convert into a one-bedroom flat (subject to planning). The property is offered freehold with a 20-year full repairing and insuring lease commencing March 2025, generating £13,200 per annum with no break clauses and rent reviews every five years. This structure delivers an attractive initial gross yield of 9.8%, making it an ideal choice for investors seeking stability and growth in a vibrant, evolving location.