Share This Listing

Message

968 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

70 Mill St 1,071 SF 100% Leased Retail Building Macclesfield SK11 6NH $439,922 CAD ($410.76 CAD/SF) 9.79% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Current rental income £23,000 per annum.
  • The property comprises of a mid-terrace 2-storey retail unit with a rear yard.
  • There is a pay and display car park to the rear

EXECUTIVE SUMMARY

Current rental income £23,000 per annum.
We are instructed to seek offers in the order of £235,000 exclusive of VAT and subject to contract. Purchase at this level reflects a 9.55% net initial yield after deducting standard purchase costs of 2.52%.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,071 SF
Building Class
B
Year Built
1959
Price
$439,922 CAD
Price Per SF
$410.76 CAD
Cap Rate
9.79%
NOI
$43,056 CAD
Percent Leased
100%
Building Height
2 Stories

AMENITIES

  • 24 Hour Access
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • -
  • 999 SF
  • -
  • -

Cancer Research UK est le principal organisme de bienfaisance sur le cancer au monde qui se consacre à sauver des vies grâce à la recherche, à l'influence et à l'information. Ils appuient la recherche sur tous les aspects du cancer grâce au travail de plus de 4 000 scientifiques, médecins et infirmières. Ce travail pionnier dans la prévention, le diagnostic et le traitement du cancer a permis de sauver des millions de vies. L'ambition de Cancer Research UK est d'accélérer les progrès et de voir 3 patients sur 4 survivre à la maladie d'ici 2034. Ils financent des scientifiques, des médecins et des infirmières pour qu'ils travaillent à la prévention, au diagnostic et au traitement du cancer.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
- 999 SF - -

NEARBY MAJOR RETAILERS

Coffee #1
Tesco Superstore
Iceland
ASDA
Costa Coffee
Santander
NatWest
HSBC
The Co-operative Bank
Barclays
  • Listing ID: 21577132

  • Date on Market: 2020-11-23

  • Last Updated:

  • Address: 70 Mill St, Macclesfield SK11 6NH

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}