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40 Duke St 2,216 SF Retail Building Doncaster DN1 3EA $278,987 CAD ($125.90 CAD/SF)
INVESTMENT HIGHLIGHTS
- 3 storey property in prominent city centre location
- Currently generating a rent of £16,200 per annum
- Fully let investment opportunity
- Close to public transport within walking distance
EXECUTIVE SUMMARY
The property is a 3-storey mid terrace comprising a retail convenience store to the ground floor, with storage and office space on the first and second floors respectively. The ground floor comprises an open retail area under suspended ceiling with LED lighting throughout with tiled floors and a kitchen/ deli situated to the rear of the retail space. The first floor comprises stores for refrigerated and dry goods with staff kitchen and w/c facilities. The second floor comprises ancillary office space. There is access at the rear with a small yard for deliveries.
The property is available on a freehold basis subject to the following tenancy.
The retail premises is let to an independent grocery retailer on a new effective full repairing and insuring lease for a term of 6 years from 20th August 2023 at a passing rent of £16,200 pax. There is a break option and rent review at year 3. Further information can be provided via the selling agent.
The property is available on a freehold basis subject to the following tenancy.
The retail premises is let to an independent grocery retailer on a new effective full repairing and insuring lease for a term of 6 years from 20th August 2023 at a passing rent of £16,200 pax. There is a break option and rent review at year 3. Further information can be provided via the selling agent.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Convenience Store
Building Size
2,216 SF
Building Class
B
Year Built
1968
Price
$278,987 CAD
Price Per SF
$125.90 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
1.15
Lot Size
0.04 AC
Frontage
20’ on Duke Street
AMENITIES
- Security System
- Storage Space
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40 Duke St
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