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81-85 Front St 2,094 SF Retail Building Chester Le Street DH3 3AJ $325,485 CAD ($155.44 CAD/SF) 14% Cap Rate


INVESTMENT HIGHLIGHTS
- High yielding retail investment let to Lloyds Bank
- Prominent High Street location
- On a 10 year lease expiring 31 October 2028 at £25,000 pa
EXECUTIVE SUMMARY
High yielding retail investment let to Lloyds Bank and occupying a prominent High Street position. Arranged across ground and first floors, the property is fully let to Lloyds Bank Plc on a 10 year lease expiring 31/10/2028 and producing £25,000 per annum. The property benefits from a rear yard and the tenant also occupies the adjacent unit.
The property benefits from a prominent frontage to Front Street, the principal retail amenity in the town. The street is characterised by a mix of local and national tenants including Costa, Specsavers and Boots. There is also a large Morrisons supermarket to the rear of the property
The property benefits from a prominent frontage to Front Street, the principal retail amenity in the town. The street is characterised by a mix of local and national tenants including Costa, Specsavers and Boots. There is also a large Morrisons supermarket to the rear of the property
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Building Size
2,094 SF
Year Built
1950
Price
$325,485 CAD
Price Per SF
$155.44 CAD
Cap Rate
14%
NOI
$45,568 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.20
Lot Size
0.04 AC
Frontage
33’ on Front Street
AMENITIES
- Banking
1 1
NEARBY MAJOR RETAILERS
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81-85 Front St
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