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INVESTMENT HIGHLIGHTS
- Income producing mixed use investment – ‘Hightown Mini Market’ unaffected
- A free public car park is located a 30 second walk away.
- The property is located on Hightown, a short walk from the town centre and surrounded by a mix of commercial and residential property.
EXECUTIVE SUMMARY
A prominently located two storey mixed use premises offered to the market as an income producing investment with the current tenant, Hightown Mini Market (lease in private individuals name) occupying the ground floor by way of an IRI Lease. The ground floor comprises a sales
area that extends to 280 sq ft to the rear of which is a walkthrough store providing a further 100 sq ft leading to a lobby area adjacent to the back door, beyond which is the ground floor bathroom. Above the shop and with its own separate entrance from the rear is a spacious 1 bedroom flat. The flat is let on a Shorthold Tenancy Agreement for 12 months until 28th September 2025 at £695 pcm (£8,340 pa) and comprises a lounge, kitchen, bedroom, study room and shower room with electric heating and some fitted furniture included. Internally the retail unit benefits from a suspended ceiling with single glazed aluminium frontage and door plus CCTV. The property is being sold with both tenants in situ and is not available with vacant possession.
area that extends to 280 sq ft to the rear of which is a walkthrough store providing a further 100 sq ft leading to a lobby area adjacent to the back door, beyond which is the ground floor bathroom. Above the shop and with its own separate entrance from the rear is a spacious 1 bedroom flat. The flat is let on a Shorthold Tenancy Agreement for 12 months until 28th September 2025 at £695 pcm (£8,340 pa) and comprises a lounge, kitchen, bedroom, study room and shower room with electric heating and some fitted furniture included. Internally the retail unit benefits from a suspended ceiling with single glazed aluminium frontage and door plus CCTV. The property is being sold with both tenants in situ and is not available with vacant possession.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
899 SF
Building Class
C
Year Built
1905
Price
$270,012 CAD
Price Per SF
$300.35 CAD
Cap Rate
11.13%
NOI
$30,055 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.03 AC
Frontage
41’ on Hightown
AMENITIES
- Security System
- Storage Space
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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26 Hightown
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