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55 Springfield Rd 858 SF 100% Leased Retail Building Great Yarmouth NR31 6AD $698,308 CAD ($813.88 CAD/SF) 6.88% Cap Rate
INVESTMENT HIGHLIGHTS
- Well located within residential suburb
- Good on-street parking options
- Visible to passing traffic per corner position
EXECUTIVE SUMMARY
This is a fantastic opportunity to acquire a fully tenanted freehold investment property in the ever-popular coastal town of Gorleston, Norfolk. Generating a total annual income of £25,800, this mixed-use property offers a solid return with established tenants in place.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
858 SF
Building Class
B
Year Built
1980
Price
$698,308 CAD
Price Per SF
$813.88 CAD
Cap Rate
6.88%
NOI
$48,044 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.54
Lot Size
0.04 AC
Frontage
47’ on Springfield Road
AMENITIES
- Signage
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NEARBY MAJOR RETAILERS
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55 Springfield Rd
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