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435 Millbrook Rd 845 SF 100% Leased Retail Building Southampton SO15 0HX $691,493 CAD ($818.33 CAD/SF) 8.74% Cap Rate
EXECUTIVE SUMMARY
Offers considered in the region of £375,000, subject to the two AST’s and a new tenancy for the retail as set out below. A purchase at this level will show a gross initial yield of 8.74%.
Note: Currently the ground floor is held via a separate long leasehold title. We are proposing to sell both the leasehold and freehold titles in a single transaction.
Note: Currently the ground floor is held via a separate long leasehold title. We are proposing to sell both the leasehold and freehold titles in a single transaction.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
845 SF
Building Class
B
Year Built
1900
Price
$691,493 CAD
Price Per SF
$818.33 CAD
Cap Rate
8.74%
NOI
$60,436 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Parking
1 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
19’ on Millbrook Rd
AMENITIES
- Dedicated Turn Lane
- Energy Performance Rating - D
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NEARBY MAJOR RETAILERS
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435 Millbrook Rd
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