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1-5 Vine Parade 4,186 SF Retail Building Wivenhoe CO7 9HA $1,465,894 CAD ($350.19 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Prominent Business Location
- High Ceilings
- Solid Transport Links
Executive Summary
Freehold offers of £790,000 are sought. A sale at this level would reflect a nett initial yield of 7.5% allowing for a purchasers cost of 5.625%. Shop- Let to One Stop Stores Ltd(Co: 02462858) for a term of 15 years from 30th June 2023 at £29,000 pax subject to five yearly tenant breaks being 30th June 2028 & 2033. There are no rent reviews. Flat 1A -Let at £950pcm to 30-1-26 Flat 3A-Let at £925pcm to 18-3-26 Flat 5A-Let at £930pcm to 29-11-25( includes 3 garages). The current rental income is £62,660per annum exclusive of rates VAT and all other outgoings
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
4,186 SF
Building Class
B
Year Built
1970
Price
$1,465,894 CAD
Price Per SF
$350.19 CAD
Cap Rate
7.50%
NOI
$109,942 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.26 AC
Frontage
18’ on Vine Drive
1 of 5
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1-5 Vine Parade
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