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105 Slades Rd

Shop for sale

£380,000 4,732 sq ft

Savoy Stewart
View the performance or update the listing in CoStar
Contact name

Nick Sherling - Savoy Stewart

Full address
105 Slades Rd, St Austell PL25 4HB – St Austell
Property owner
The Co-operative Group
Property type
Shop for sale
Asking price
£380,000
Available space range
There is 1 space available. This measures 4,732 sq ft.
Brochure
Download the brochure

Sale details

Sale unit 3612359 Available

4,732 sq ft, £80.30 per sq ft

Unit Sale unit 3612359
Address 105 Slades Rd, St Austell, Cornwall, PL25 4HB, GB
Size 4,732 sq ft
Price £380,000
Price per unit £80.30 per sq ft
Unit Sale unit 3612359
Address 105 Slades Rd, St Austell, Cornwall, PL25 4HB, GB
Size 4,732 sq ft
Price £380,000
Price per unit £80.30 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 6.58%
Financial type Actual
Financial year 2017
Net operating income £25,020

Sale notes

  • ›› well secured convenience store located in a densely populated residential area ›› prominent corner sited building ›› let for 16.5 years with no breaks to the excellent covenant martin mccoll limited ›› fixed uplifts at 2% pa ›› total current rents reserved £25,904 per annum, rising to £31,544 per annum in 2029 ›› offers in excess of £380,000 ›› net initial yield of 6.55% with a reversionary yield in april 2024 to 7.23%.

Property description

The property is a well maintained corner sited two storey detached building under pitched slate roof with retail extension to the front and side of the premises. The retail shop is arranged over the ground floor with ancillary accommodation. There is excellent car parking area to the front of the unit with spaces available for up to 9 cars. The unit has recently been refitted to McColl’s standard format.

Building subtype
Storefront retail residential
Number of storeys
2
Rentable building area
4,732 sq ft
Year built
1920

Attachments

PDF #1 Marketing brochure/flyer Download

Major tenants

The Co-operative Food 3,534 sq ft
The FloorShow 1,198 sq ft
Posers Tanning Loft

This shop for sale is located in St Austell.

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View the performance or update the listing in CoStar

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Savoy Stewart. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Savoy Stewart for full details and further information.