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Jesmond House 2 Market Street Arcade 1,536 SF Retail Building Tenbury Wells WR15 8BQ $732,659 CAD ($476.99 CAD/SF) 10.76% Cap Rate
Investment Highlights
- Fully-Let Residential and Commercial Investment Property For Sale
- Town centre location in Tenbury Wells, Worcestershire
- 3 x 2-bedroom apartments, 1 x 1-bedroom apartment, 1 x studio apartment and 1 x commercial unit
Executive Summary
The property comprises a mid terrace building set out over basement, ground, first and second floors. The five residential apartments are set out over first and second floors with a commercial unit, currently occupied by Unwined Bar & Bistro, fully refurbished by the tenant in 2020, laid out over ground floor. Lease expiry 10 December 2030. The property also has a cellar/basement. However, access to the basement has been sealed off by the occupying commercial tenant.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,536 SF
Building Class
C
Year Built
1850
Price
$732,659 CAD
Price Per SF
$476.99 CAD
Cap Rate
10.76%
NOI
$78,871 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.37
Lot Size
0.10 AC
Frontage
44’ on Market Street
Amenities
- Energy Performance Rating - B
- Energy Performance Rating - C
- Energy Performance Rating - D
- Storage Space
1 1
Nearby Major Retailers
1 of 5
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Jesmond House | 2 Market Street Arcade
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