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2 Church St 712 SF Retail Building Romsey SO51 8BU $711,080 CAD ($998.71 CAD/SF) 8.44% Cap Rate
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
The freehold is for sale for offers in excess of £375,000 reflecting an initial yield of 8.44% excluding purchasers costs.
This investment property comprises a three-storey Grade II listed building generating a total income of £31,620 per annum from a ground-floor retail unit and 2x two bedroom flats. The 712 sq ft shop has frontage to Church Street and is visible from Market Place. It is let to Tidal Vapes Limited on a 7-year lease from April 2023, expiring April 2030, at a rent of £19,800 per annum.
This investment property comprises a three-storey Grade II listed building generating a total income of £31,620 per annum from a ground-floor retail unit and 2x two bedroom flats. The 712 sq ft shop has frontage to Church Street and is visible from Market Place. It is let to Tidal Vapes Limited on a 7-year lease from April 2023, expiring April 2030, at a rent of £19,800 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
712 SF
Building Class
C
Year Built
1897
Price
$711,080 CAD
Price Per SF
$998.71 CAD
Cap Rate
8.44%
NOI
$60,015 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.55
Lot Size
0.03 AC
Amenities
- Bus Line
- Security System
- Energy Performance Rating - C
- Storage Space
1 1
Nearby Major Retailers
1 of 6
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2 Church St
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