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102A Newbottle St 1,295 SF 100% Leased Retail Building Houghton Le Spring DH4 4AJ $169,824 CAD ($131.14 CAD/SF) 13.55% Cap Rate
Investment Highlights
- Fully let mixed-use commercial investment
- First floor let to a hairdressers at £6,240 per annum
- EPC rating C for both units
- Ground floor let to a barbers at £7,308 per annum
- Ground floor includes kitchenette and WC
Executive Summary
The property is a fully let mixed-use commercial investment located on Newbottle Street, Houghton-le-Spring, Tyne and Wear, DH4 4AJ. It comprises two self-contained commercial units with long-standing tenants, including a ground floor barbers producing £7,308 per annum and a first floor hairdressers producing £6,240 per annum. The asset is offered with immediate rental income from completion and first-floor fixtures and fittings owned by the vendor are included in the sale.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,295 SF
Building Class
C
Year Built
1900
Price
$169,824 CAD
Price Per SF
$131.14 CAD
Cap Rate
13.55%
NOI
$23,011 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.03 AC
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Nearby Major Retailers
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102A Newbottle St
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