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6-10 Longsmith St 849 SF 100% Leased Retail Building Gloucester GL1 2HH $791,415 CAD ($932.17 CAD/SF) 9.37% Cap Rate
INVESTMENT HIGHLIGHTS
- Residential units included in the sale
- Easily accessible
- Mixed use investment
EXECUTIVE SUMMARY
We are instructed to seek offers in the region of £425,000 for the freehold interest in the property, subject to the tenancies outlined. A purchase at this level would reflect a gross yield of 8.74% or net initial yield of 8.38% after purchaser’s costs of 4.3%.
The property is a three-storey building of concrete frame construction with two self-contained retail units on the ground floor with residential above.
Ground floor:
No. 6 - 450 SQ FT
No. 8 - 399 SQ FT
First and Second floors - 1,550 SQ FT
The property is a three-storey building of concrete frame construction with two self-contained retail units on the ground floor with residential above.
Ground floor:
No. 6 - 450 SQ FT
No. 8 - 399 SQ FT
First and Second floors - 1,550 SQ FT
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
849 SF
Building Class
B
Year Built
1982
Price
$791,415 CAD
Price Per SF
$932.17 CAD
Cap Rate
9.37%
NOI
$74,123 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.71
Lot Size
0.03 AC
Frontage
13’ on Longsmith Street
AMENITIES
- Energy Performance Rating - C
- Storage Space
1 1
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6-10 Longsmith St
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