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11-11a Cumberland St 848 SF Retail Building Plymouth PL1 4DX $605,200 CAD ($713.68 CAD/SF) 13.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed use commercial investment
- Five residential rooms let to professionals over the upper three floors
- Asking price: £325,000 reflecting a 13.56% gross yield
- Substantial ground floor retail unit with additional basement storage
- Combined gross income £44,100 PAX
EXECUTIVE SUMMARY
Conveniently located mixed use investment for sale with the ground floor retail unit and basement let to an independent dog grooming business at £10,000 PAX. The first, second and third floors comprise five individual rooms, all en-suite with a shared lounge, kitchen and laundry room. The gross income from the upper floors is £34,100 PAX.
Retail unit & basement 848.20 sq ft.
Retail unit & basement 848.20 sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
848 SF
Building Class
C
Year Built
1950
Price
$605,200 CAD
Price Per SF
$713.68 CAD
Cap Rate
13.56%
NOI
$82,065 CAD
Tenancy
Single
Building Height
5 Stories
Building FAR
0.58
Lot Size
0.03 AC
Frontage
20’ on Cumberland Street
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11-11a Cumberland St
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