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1-9 Bridge Street 2,448 SF 100% Leased Retail Building Newark NG24 1EE $1,257,357 CAD ($513.63 CAD/SF) 6.46% Cap Rate
Investment Highlights
- Freehold Property Investment
- Grade II* Listed Building
- 5 Let Retail Units
- Potential To Convert Upper Floors To 6 Flats
Executive Summary
A freehold investment property comprising five retail shops producing a gross income of £43,600 per annum, and upper floors with potential for residential conversion subject to planning consent. Pre-application Planning Advice on a scheme for six flats has been obtained and proposed unit drawings prepared by David Dakin Architects.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,448 SF
Building Class
C
Year Built
1893
Price
$1,257,357 CAD
Price Per SF
$513.63 CAD
Cap Rate
6.46%
NOI
$81,216 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
92’ on Bridge Street
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Nearby Major Retailers
1 of 2
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1-9 Bridge Street
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