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29 Glenfield Road Investment 29 Glenfield Rd 536 SF 100% Leased Retail Building Nelson BB9 8AP $173,105 CAD ($322.96 CAD/SF) 8.75% Cap Rate
Investment Highlights
- Mixed-use retail and residential investment
- Close to Nelson town centre and local amenities
- Self-contained first floor flat with attic bedroom
Executive Summary
Mixed-use investment property comprising a ground floor retail shop with a self-contained first floor flat and attic bedroom. The property produces £8,312 per annum and is located within a popular residential area of Nelson.
The shop provides a frontal sales area with rear prep and storage space together with an external WC. The residential accommodation is accessed from the rear and comprises a living room, single bedroom, kitchen and bathroom on the first floor with a further attic bedroom.
Both units are currently let on informal tenancies with long-standing occupiers. The residential tenant has been in occupation since 2017 and the shop tenant since 2020.
The property benefits from separate metering for utilities and a small rear yard.
This represents an affordable mixed-use investment opportunity offering stable income within a well-established residential location close to Nelson town centre and local amenities.
The shop provides a frontal sales area with rear prep and storage space together with an external WC. The residential accommodation is accessed from the rear and comprises a living room, single bedroom, kitchen and bathroom on the first floor with a further attic bedroom.
Both units are currently let on informal tenancies with long-standing occupiers. The residential tenant has been in occupation since 2017 and the shop tenant since 2020.
The property benefits from separate metering for utilities and a small rear yard.
This represents an affordable mixed-use investment opportunity offering stable income within a well-established residential location close to Nelson town centre and local amenities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Convenience Store
Building Size
536 SF
Building Class
B
Year Built
1960
Price
$173,105 CAD
Price Per SF
$322.96 CAD
Cap Rate
8.75%
NOI
$15,147 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.62
Lot Size
0.02 AC
Parking
1 Spaces (1.87 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Smoke Detector
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Nearby Major Retailers
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29 Glenfield Road Investment | 29 Glenfield Rd
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