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Elder Road, Stoke
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Our Summary
- All the flats are occupied with a current rental role of £2525 per calendar month with scope to improve to circa £2900
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Description
This mixed-use commercial investment property consists of six flats and a retail unit, located off the A53 and opposite Cobridge Community Health Centre. The retail premises are currently empty and could be split, while the six flats are occupied with a current rental income of £2,525 per month, with potential to increase to £2,900. The property benefits from modernized features, including car parking for seven vehicles, double glazing, and electric heating throughout.
The retail unit would lease for £15,000 per annum, resulting in a potential total rental income of £49,800 per annum. The property was modernized circa 2017 and has an EPC rating of Band C for the flats. The property is available freehold and is exempt from council tax.