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41 East Parade 1,995 SF Office Building Harrogate HG1 5LQ $1,575,876 CAD ($789.91 CAD/SF) 11.10% Cap Rate
Investment Highlights
- WC & Kitchen facilities
- Versatile use
- Natural light
Executive Summary
INVESTMENT - Victorian mid terrace containing 2 self-contained bedsits & 10 additional bedsits, with a current annual income of £94,200 which equates to a yield of 11.1% based upon the asking price.
Fully let & income producing
IDEAL INVESTMENT BUY
2 self-contained bedsits
10 additional bedsits
4 shower rooms & 2 WC's
All mains services are connected to the property.
An opportunity to acquire a Victorian mid terrace property over four floors containing two self-contained bedsits, ten additional bedsits with four shower rooms and two additional WC's.
The properties are fully let and income producing, with a current annual income of £94,200 which equates to a yield of 11.1% based upon the asking price, therefore making this an ideal investment opportunity.
Tenancy information per calendar month:
Flat 1 - £750
Flat 2 - £750
Flat 3 - £625
Flat 4 - £625
Flat 5 - £625
Flat 6 - £625
Flat 7 - £650
Flat 8 - £625
Flat 9 - £625
Flat 10 - £625
Flat 11 - £700
Flat 12 - £625
Total - £7,850
Tenure: Freehold.
Fully let & income producing
IDEAL INVESTMENT BUY
2 self-contained bedsits
10 additional bedsits
4 shower rooms & 2 WC's
All mains services are connected to the property.
An opportunity to acquire a Victorian mid terrace property over four floors containing two self-contained bedsits, ten additional bedsits with four shower rooms and two additional WC's.
The properties are fully let and income producing, with a current annual income of £94,200 which equates to a yield of 11.1% based upon the asking price, therefore making this an ideal investment opportunity.
Tenancy information per calendar month:
Flat 1 - £750
Flat 2 - £750
Flat 3 - £625
Flat 4 - £625
Flat 5 - £625
Flat 6 - £625
Flat 7 - £650
Flat 8 - £625
Flat 9 - £625
Flat 10 - £625
Flat 11 - £700
Flat 12 - £625
Total - £7,850
Tenure: Freehold.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Office/Residential
Building Size
1,995 SF
Building Class
C
Year Built
1910
Price
$1,575,876 CAD
Price Per SF
$789.91 CAD
Cap Rate
11.10%
NOI
$174,922 CAD
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
498 SF
Parking
4 Spaces (2.01 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
1 1
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41 East Parade
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