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18A Forest Rd 2,245 SF Retail Building Northallerton DL6 1JZ $1,099,169 CAD ($489.61 CAD/SF) 6.55% Cap Rate
Investment Highlights
- Positioned strategically between major urban centres
- Strong footfall
- Excellent transport connectivity
Executive Summary
Prime investment opportunity comprising a retail convenience store and first floor flat. The property is currentlylet to Morisons Daily for a term of 16.5 years commencing 20th October 2017 on an FRI lease and is subject to a fixed uplift of 2% per annum. The property generates £40,495.00 per annum of rental income and the first floor flat has a ground rent of £150 per annum. The freehold interest if available for the sum of £595,000.00
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,245 SF
Building Class
B
Year Built
1980
Price
$1,099,169 CAD
Price Per SF
$489.61 CAD
Cap Rate
6.55%
NOI
$71,996 CAD
Tenancy
Single
Building Height
2 Stories
Amenities
- Security System
1 1
Nearby Major Retailers
1 of 4
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18A Forest Rd
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