>
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 property consists of six flats and a retail unit, located off the A53 and opposite Cobridge Community Health Centre. The retail unit is currently empty and could be split, while the six flats are occupied and generating a rental income of £2,525 per month. The property has been modernized in recent years and features car parking for seven vehicles, double glazing, and electric heating throughout. The retail unit has a potential rental income of £15,000 per annum, bringing the total potential rental income to £49,800 per annum. The property is freehold and has an exempt council tax band.