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13 Church St 956 SF 100% Leased Retail Building Maesteg CF34 9AA $212,256 CAD ($222.02 CAD/SF) 9.39% Cap Rate
Investment Highlights
- Located in the town centre of Maesteg
- End link cottage style two-storey property briefly comprising of ground floor Hairdressers with separate pedestrian access to a 2 bedroom flat over
- Approximately 9 miles north of Bridgend and 7 miles north of Junction 36 (Sarn Park Interchange) of the M4 Motorway
Executive Summary
The property is to be sold Freehold tenure subject to and with the benefit of the current occupational arrangements:-
Ground Floor
Let to a Hairdressers under terms of a 5 year IRI Only Lease from December 2023 at a rental of £4,800 per annum exclusive.
First Floor Flat
Currently let to a private individual under terms of Standard Occupational Contracts producing a rental of £500 per calendar month.
Current total rental income £10,800 per annum.
Ground Floor
Let to a Hairdressers under terms of a 5 year IRI Only Lease from December 2023 at a rental of £4,800 per annum exclusive.
First Floor Flat
Currently let to a private individual under terms of Standard Occupational Contracts producing a rental of £500 per calendar month.
Current total rental income £10,800 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
956 SF
Year Built
1800
Price
$212,256 CAD
Price Per SF
$222.02 CAD
Cap Rate
9.39%
NOI
$19,934 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.04 AC
1 1
Nearby Major Retailers
1 of 3
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13 Church St
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