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4-7 Falcon Rd 2,380 SF 100% Leased Retail Building Wisbech PE13 1AU $363,254 CAD ($152.63 CAD/SF)
Investment Highlights
- Mixed-Use investment opportunity totalling 3,616 sq ft.
- Reversionary potential in retail component in September 2027.
- Freehold.
- VAT-free investment opportunity.
- Residential tenant holding over (same tenant as retail).
- Investment Let at £32,000 per annum (16.41% GIY on Guide Price).
- Retail comprises 3 co-terminus leases to the same tenant.
- Potential to add massing subject to the requisite consents.
Executive Summary
The property comprises a high-yielding supermarket investment occupying a prominent position. The retail component is arranged over ground floor only and comprises a total of 2,627 sq ft across three units. Each unit is let on an individual lease, with rent reviews due in September 2028. The upper-parts comprise a single flat accessed via the side return to the north of the property.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,380 SF
Building Class
B
Year Built
1951
Price
$363,254 CAD
Price Per SF
$152.63 CAD
Percent Leased
100%
Building Height
2 Stories
Amenities
- Automatic Blinds
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Nearby Major Retailers
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4-7 Falcon Rd
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