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8 bedroom block of apartments for sale
The Strand, Longton, Stoke-on-Trent, ST3
£845,000
The Strand, Longton, Stoke-on-Trent, ST3
£845,000
Price History
Initial price | £895,000 |
02/04/25 | £845,000 |
Price Change | -5.59% |
Description
This is a freehold investment opportunity in Longton, Stoke-on-Trent, comprising a commercial unit and 8 flats, all rented out. The property has a net initial yield of 8.74% and an overall rate of £1,550/sq. m (£144/sq. ft). The commercial unit is a public house with a modern interior, while the flats are modern and well-furnished. The property is located in a popular residential area with a thriving town centre, bus station, train station, and easy access to the major road network. The tenants include individuals and the commercial unit is leased for 5 years. The property has an EPC rating of C and D for the commercial unit and flats, respectively. The asking price is £845,000, assuming purchaser's costs at 4.83%.