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7 Leek St 487 SF Retail Building Wem SY4 5EP $256,596 CAD ($526.89 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Freehold mixed use investment in a characterful Shropshire market town
- Benefitting from a large adjacent car park
- Located immediately adjacent to the town’s principle food store
Executive Summary
The freehold investment interest is available for sale at £139,000.
Total income £9,040 pa.
The Property comprises a two-storey end-of-terrace building of traditional brick construction which has been rendered and painted on two sides facing both Leek Street and the Coop car park. There is a garden area to the rear for the benefit of (demised to) the ground floor shop (café).
The ground floor comprises a shop unit currently occupied by Sweet Pea Café. It has it’s entrance door to the side elevation fronting the main car park and so is visible to the majority of Coop customers. The first floor comprises a one-bedroom flat which has been let on an AST. The flat is accessed directly off Leek Street via a private door which we understand leads directly to the first floor flat. We have not been able to access the flat but understand the property to be in good condition.
Total income £9,040 pa.
The Property comprises a two-storey end-of-terrace building of traditional brick construction which has been rendered and painted on two sides facing both Leek Street and the Coop car park. There is a garden area to the rear for the benefit of (demised to) the ground floor shop (café).
The ground floor comprises a shop unit currently occupied by Sweet Pea Café. It has it’s entrance door to the side elevation fronting the main car park and so is visible to the majority of Coop customers. The first floor comprises a one-bedroom flat which has been let on an AST. The flat is accessed directly off Leek Street via a private door which we understand leads directly to the first floor flat. We have not been able to access the flat but understand the property to be in good condition.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
487 SF
Building Class
B
Year Built
1911
Price
$256,596 CAD
Price Per SF
$526.89 CAD
Cap Rate
6.50%
NOI
$16,688 CAD
Tenancy
Single
Building Height
2 Stories
Frontage
19’ on Leek Street
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