132/134 West Way, Stafford, 132/134 West Way, Stafford
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- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- High Yielding Mixed Use Investment
- Retail with Residential Upper Parts
- Rear Garage Included
- Fully Let to Morrisons Daily
- Producing £10,000 per annum
- Lease Expires 29th January 2028
- Asset Management Potential
- Guide Price Reflects 12.5% Gross Yield
- VAT Free Investment
Description
Arranged as a ground floor retail unit with a single residential unit to the first and second floors and including a separate rear garage, the property is let in its entirety to Alliance Property Holdings Limited (t/a Morrisons Daily). The lease is for a term of 10 years expiring 29/01/2028 and paying a rent of £10,000 per annum. The property offers asset management potential via the outstanding rent review from January 2023.
The property forms part of a popular mixed use parade, with a mix of local and national retailers including SPAR. The tenant has a lease over the adjacent property and has combined the units to provide a single retail space, however the adjacent property is not included in the sale. The property also includes a post office and Costa Coffee concession.
132/134 West Way, Stafford, 132/134 West Way, Stafford
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stafford Station0.7 miles
- Penkridge Station5.0 miles
About Savills, Savills, Auctions
33 Margaret Street, London, W1G 0JD
Notes
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