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38 Main Rd 2,679 SF 100% Leased Retail Building Washingborough LN4 1AU $557,974 CAD ($208.28 CAD/SF) 8.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Adjoining single storey takeaway units
- Situated on the main road
- Prominent frontage to this road
EXECUTIVE SUMMARY
The property comprises a pair of adjoining single storey takeaway units. The property is available For Sale Freehold, subject to the two tenancy agreements that are currently in place.
Asking price is £300,000, subject to the tenancies set out above which reflects a Net Initial Yield of 8.84% after standard acquisition costs.
Asking price is £300,000, subject to the tenancies set out above which reflects a Net Initial Yield of 8.84% after standard acquisition costs.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,679 SF
Building Class
B
Year Built
1970
Price
$557,974 CAD
Price Per SF
$208.28 CAD
Cap Rate
8.84%
NOI
$49,325 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Parking
4 Spaces (1.49 Spaces per 1,000 SF Leased)
Frontage
56’ on Main Road
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NEARBY MAJOR RETAILERS
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38 Main Rd
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