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70 Mill St 1,071 SF 100% Leased Retail Building Macclesfield SK11 6NH $433,835 CAD ($405.07 CAD/SF) 9.79% Cap Rate
INVESTMENT HIGHLIGHTS
- Current rental income £23,000 per annum.
- The property comprises of a mid-terrace 2-storey retail unit with a rear yard.
- There is a pay and display car park to the rear
EXECUTIVE SUMMARY
Current rental income £23,000 per annum.
We are instructed to seek offers in the order of £235,000 exclusive of VAT and subject to contract. Purchase at this level reflects a 9.55% net initial yield after deducting standard purchase costs of 2.52%.
We are instructed to seek offers in the order of £235,000 exclusive of VAT and subject to contract. Purchase at this level reflects a 9.55% net initial yield after deducting standard purchase costs of 2.52%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,071 SF
Building Class
B
Year Built
1959
Price
$433,835 CAD
Price Per SF
$405.07 CAD
Cap Rate
9.79%
NOI
$42,460 CAD
Percent Leased
100%
Building Height
2 Stories
AMENITIES
- 24 Hour Access
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- -
- 999 SF
- -
- -
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
- | 999 SF | - | - |
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70 Mill St
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