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70 Gregson Ave 657 SF Retail Building Gosport PO13 0UR $517,119 CAD ($787.09 CAD/SF) 6.29% Cap Rate
Investment Highlights
- Occupies a prominent position within this established local shopping centre
- Heavy daytime foot traffic
- Good communications via the M27 (J11)
Executive Summary
The takeaway is at present let to an Individual for a term of 20 years from 12th September 2024 at a current rent of £9,100 per annum and the lease contains full repairing and insuring covenants. Rent review every 5th year open market upward only. No breaks. The residential flat is at present let on AST to an Individual (Holding Over) at a current rent of £8,520 p.a. The flat is occupied by the commercial tenant.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
657 SF
Building Class
B
Year Built
1965
Price
$517,119 CAD
Price Per SF
$787.09 CAD
Cap Rate
6.29%
NOI
$32,527 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.35
Lot Size
0.04 AC
Parking
4 Spaces (6.09 Spaces per 1,000 SF Leased)
Frontage
13’ on Gregson Avenue
Amenities
- Bus Line
- Commuter Rail
- Storage Space
1 1
Nearby Major Retailers
1 of 2
Videos
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70 Gregson Ave
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