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61 Northgate 1,654 SF Retail Building Canterbury CT1 1BB $461,956 CAD ($279.30 CAD/SF) 4.98% Cap Rate
Investment Highlights
- Freehold mixed-use investment in Canterbury city centre
- Ground floor convenience store secured on new 10-year FRI lease + Vacant Residential Unit
- E.R.V £26,000p.a.
- Passing income of £12,200 per annum
- Asset Management Opportunity With Residential Rental Growth
Executive Summary
Freehold mixed-use investment comprising a ground floor convenience store let on a new 10-year FRI lease producing £12,000 per annum, together with £200 per annum ground rent income from a long-leasehold second-floor flat. The vacant self-contained first-floor one-bedroom flat provides immediate asset management potential through refurbishment and reletting or resale, offering scope to enhance income and value. Offer Over: £245,000. VAT not applicable.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Convenience Store
Building Size
1,654 SF
Building Class
C
Year Built
1960
Price
$461,956 CAD
Price Per SF
$279.30 CAD
Cap Rate
4.98%
NOI
$23,004 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
1.27
Lot Size
0.03 AC
Amenities
- Security System
- Signage
- Roof Terrace
- Storage Space
- Air Conditioning
- Smoke Detector
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Nearby Major Retailers
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Photos
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Map
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Presented by
61 Northgate
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