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42-44 Bridgford Rd 6,852 SF 100% Leased Retail Building West Bridgford NG2 6AP $4,078,737 CAD ($595.26 CAD/SF) 6.76% Cap Rate
Investment Highlights
- Prime central West Bridgford location opposite main town car park
- Strong commercial tenants complemented by fully let residential income
- Newly developed mixed-use scheme with modern accommodation
Executive Summary
The investment comprises a newly developed mixed-use property combining a dual-let restaurant element at ground floor with a fully occupied residential upper-floor offering. The commercial space is operated by two strong hospitality tenants: Rudy’s Pizza on a 15-year lease and Melo Melo Wine Bar on a 7-year lease. Above, seven well-configured apartments are fully let on ASTs, providing a stable and diversified income profile. The arrangement offers an attractive blend of secure restaurant leases and consistent residential revenue, creating a balanced and reliable investment. The property is available at an asking price of £2,200,000 and reflects a NIY of 6.76%, assuming purchaser's costs of 6.5%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
6,852 SF
Year Built
2020
Price
$4,078,737 CAD
Price Per SF
$595.26 CAD
Cap Rate
6.76%
NOI
$275,723 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
40’ on Bridgford Rd
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Storage Space
- Smoke Detector
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42-44 Bridgford Rd
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