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100-102 East St Apartment Building $4,149,787 CAD 7% Cap Rate Southampton SO14 3HH
Investment Highlights
- City Centre Location adjacent to the Redevelopment of the Bargate Centre, the proposed former Debenhams redevelopment
- East Street itself comprises a mixture of multiple retailers as well as independent retailers.
- Planning Permission was granted on the 16th May 2013 for the conversion of the mezzanine floor into six self contained flats comprising 3No 3 rooms.
- The property occupies a prominent position on Queensway in central Southampton, immediately opposite the former Debenhams building
- The building was built (completed) in 2005 as two large retail units arranged over ground and mezzanine floors with eighteen flats above.
Executive Summary
Tenure
Freehold
Price
The freehold investment is available at a price of £2,250,000 subject to contract and exclusive of VAT, which equates to a net initial yield of approximately 7% after assuming normal purchasers costs.
Freehold
Price
The freehold investment is available at a price of £2,250,000 subject to contract and exclusive of VAT, which equates to a net initial yield of approximately 7% after assuming normal purchasers costs.
Property Facts
| Price | $4,149,787 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.02 AC |
| Cap Rate | 7% | Building Size | 7,690 SF |
| Tenure | Freehold | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 2005/2013 |
| Property Subtype | Apartment |
| Price | $4,149,787 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Tenure | Freehold |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.02 AC |
| Building Size | 7,690 SF |
| No. Stories | 5 |
| Year Built/Renovated | 2005/2013 |
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100-102 East St
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