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Elder Road, Stoke
Elder Road, Stoke-On-Trent
£475,000
Elder Road, Stoke-On-Trent
£475,000
Our Summary
- All the flats are occupied with a current rental role of £2525 per calendar month with scope to improve to circa £2900
Description
This mixed-use commercial investment property in Stoke-on-Trent consists of six flats and a retail unit, offering a potential rental income of £49,800 per annum. The property has been modernized in recent years and benefits from car parking for seven vehicles, double glazing, and electric heating throughout. The retail unit is currently empty and could be split, with a potential annual rental income of £15,000. The six flats are occupied and let on ASTs, with a current rental income of £2,525 per month, which could be improved to circa £2,900. The property is located off the A53 and opposite Cobridge Community Health Centre, with nearby occupiers including Freshways Supermarket and Honda & Mercedes. The property is freehold and has an exempt council tax band.