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14 Old Mill Ln 2,341 SF Retail Building Barton Mills IP28 6AS $3,331,393 CAD ($1,423.06 CAD/SF) 5.75% Cap Rate



EXECUTIVE SUMMARY
Offers in excess of £1,789,000 subject to contract and exclusive of VAT. Net initial yield of 5.75% after allowance for purchaser’s costs of 6.8%. Let to Five Guys JV Ltd with approximately 12 years unexpired at a current rent of £109,860 per annum (£47 psf).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Building Size
2,341 SF
Year Built
1980
Price
$3,331,393 CAD
Price Per SF
$1,423.06 CAD
Cap Rate
5.75%
NOI
$191,555 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.08
Lot Size
0.64 AC
Parking
16 Spaces (6.83 Spaces per 1,000 SF Leased)
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14 Old Mill Ln
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