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13 Old Market Pl 996 SF Retail Building Ripon HG4 1EQ $231,945 CAD ($232.88 CAD/SF) 10% Cap Rate
Investment Highlights
- Located in a prominent Ripon city centre position
- Attractive net initial yield of around 10%
- Long-established local retailer
Executive Summary
A mid-terrace commercial property in a prominent Ripon city centre position, arranged over two floors plus an additional storage basement. The property is let to The Pet Shop, a long-established local retailer, currently producing an income of £12,500 per annum. Approximately three years remain on the tenant’s lease, providing secure income for investors. At the asking price, the property offers an attractive net initial yield of around 10%, making this a compelling opportunity for investors seeking a strong return in a busy retail location.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
996 SF
Building Class
B
Year Built
1890
Price
$231,945 CAD
Price Per SF
$232.88 CAD
Cap Rate
10%
NOI
$23,195 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.02
Lot Size
1.00 AC
Frontage
13’ on Fishergate
Amenities
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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13 Old Market Pl
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