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394-396 High St
Winsford CW7 2DP
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Total annual income £25,300 per annum
- 15-year lease on the commercial element T/A Bargain Booze
- 2 x 1 bed flats
EXECUTIVE SUMMARY
The property is currently income producing, generating a combined rental income of £25,300 per annum, offering an immediate return with potential for future rental growth. The mix of commercial and residential accommodation, together with its central location and rear parking, makes this an appealing investment opportunity for private investors seeking a stable and well positioned asset. £250,000, representing a Gross Initial Yield of 10.12% and a Net Initial Yield of 9.89%, assuming purchaser’s costs of 2.3%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,000 SF
Building Class
C
Year Built
1930
Price
$462,434 CAD
Price Per SF
$462.43 CAD
Cap Rate
9.89%
NOI
$45,735 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.23
Lot Size
0.10 AC
Frontage
31’ on High Street
AMENITIES
- Storage Space
1 of 3
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