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678 Mansfield Rd 1,407 SF 100% Leased Retail Building Nottingham NG5 2GE $378,134 CAD ($268.75 CAD/SF) 9.16% Cap Rate
Investment Highlights
- Great transport links
- Added benefit of first floor flat
- Prominent position on busy thoroughfare
Executive Summary
The property comprises a self-contained ground floor retail unit, currently operating as a vape shop. The unit consists of a main sales area with serving counter, ancillary stores and small kitchenette & W/C. To the rear there is a small courtyard that is shared with the residential flat.
The rear further provides access to a self-contained flat over the first and second floors. The flat compromises 3 double bedrooms, carpeted and painted plaster throughout and bathroom, kitchen facilities.
The rear further provides access to a self-contained flat over the first and second floors. The flat compromises 3 double bedrooms, carpeted and painted plaster throughout and bathroom, kitchen facilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,407 SF
Building Class
B
Year Built
1902
Price
$378,134 CAD
Price Per SF
$268.75 CAD
Cap Rate
9.16%
NOI
$34,637 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Amenities
- Bus Line
- Security System
- Storage Space
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Nearby Major Retailers
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Videos
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678 Mansfield Rd
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