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20-22 High St 9,491 SF Retail Building Melksham SN12 6LA $1,107,981 CAD ($116.74 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Good road links
- Close proximity to local amenities
- Good transport links
EXECUTIVE SUMMARY
Offers in the region of £595,000 to reflect an attractive Net Initial Yield of 8%.
The entire property is let to Poundstretcher Limited for a term of 5 years from 20th November 2023 at a current rent of £50,000 per annum exclusive. The lease is drawn on full repairing terms and is subject to a Schedule of Condition. There is a tenant only break clause at the end of the third year subject to a minimum of 6 months notice.
The entire property is let to Poundstretcher Limited for a term of 5 years from 20th November 2023 at a current rent of £50,000 per annum exclusive. The lease is drawn on full repairing terms and is subject to a Schedule of Condition. There is a tenant only break clause at the end of the third year subject to a minimum of 6 months notice.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
9,491 SF
Building Class
B
Year Built
1934
Price
$1,107,981 CAD
Price Per SF
$116.74 CAD
Cap Rate
8%
NOI
$88,639 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.46
Lot Size
0.15 AC
AMENITIES
- Signage
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NEARBY MAJOR RETAILERS
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20-22 High St
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