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1-11 Queen St 10,256 SF Retail Building Amble NE65 0BX $1,161,548 CAD ($113.26 CAD/SF) 7.61% Cap Rate
Investment Highlights
- Town Centre supermarket.
- The property occupies a prominent position on the corner of Queen Street and High Street in the centre of Amble
- The town is benefiting from the tourist boom currently
Executive Summary
Town Centre supermarket, new letting to Heron Foods Limited who have shareholder’s funds of £101m.
Located in a busy tourist town with new housing developments.
Instructed to seek offers in excess of £625,000 which reflects a net initial yield of 7.61% after deduction of 5.12% purchaser costs.
Located in a busy tourist town with new housing developments.
Instructed to seek offers in excess of £625,000 which reflects a net initial yield of 7.61% after deduction of 5.12% purchaser costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Convenience Store
Building Size
10,256 SF
Building Class
B
Year Built
1988
Price
$1,161,548 CAD
Price Per SF
$113.26 CAD
Cap Rate
7.61%
NOI
$88,394 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.87
Lot Size
0.27 AC
1 1
Nearby Major Retailers
1 of 2
Videos
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Map
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1-11 Queen St
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