7 Church St 1,070 SF 100% Leased Retail Building Kingsbridge TQ7 1HX $283,704 CAD ($265.14 CAD/SF) 8.13% Cap Rate

The Freehold of the property, subject to the shop leaseand flat AST, is available at a guide price of £180,000. A purchase at this price would provide an Investor a NIY of 6.75% allowing for purchaser costs at 2.13 %. The property is situated near to the Quay area close to the Post Office and near to Fore Street the principal shopping street. A 3 storey property comprising Lock up shop and Maisonette over. The 2 storey living accommodation is arranged as Kitchen/Diner, Living roomand stairs to a double and a single bedroom with shared Bathroom. The property has a pitched slate roof with tile hung external elevations a chimney not in use and UPC double glazed casement windows. The ground floor Lock upshop comprises two rooms currently arranged as a retail unit and rear consultancy clinic including under stairs storage and a WC. The maisonette has a separate independent access adjacent to the Ground Floor Shop. The property is in a flood risk zone; however, the vendor has added a new flood gates to prevent damage should there bea very bad flood.