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87 Fore St 431 SF Retail Building Kingsbridge TQ7 1AB $195,526 CAD ($453.66 CAD/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Ground floor shop unit in central Kingsbridge
- Currently utilised as a Bistro – formally Café Salute
- Asking price £105,000 reflecting a 10% gross yield
- Grade II listed
- Annual rental income £10,500 PAX
EXECUTIVE SUMMARY
Investment for sale, asking price £105,000 reflecting a 10% gross yield.
A two-year lease is currently in place from April 2025 until April 2027 with an annual rental income of £10,500 per annum. Our clients are looking to dispose of their ownership with the tenants in situ.
A well-located Grade II listed ground floor shop premises currently occupied by a sole trader who is running a Bistro style restaurant. Formally occupied by Café Salute. Open plan sales area leading to a rear storage area and WC.
A two-year lease is currently in place from April 2025 until April 2027 with an annual rental income of £10,500 per annum. Our clients are looking to dispose of their ownership with the tenants in situ.
A well-located Grade II listed ground floor shop premises currently occupied by a sole trader who is running a Bistro style restaurant. Formally occupied by Café Salute. Open plan sales area leading to a rear storage area and WC.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Restaurant
Building Size
431 SF
Building Class
C
Year Built
1950
Price
$195,526 CAD
Price Per SF
$453.66 CAD
Cap Rate
10%
NOI
$19,553 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.13
Lot Size
0.08 AC
Frontage
31’ on Fore Street
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87 Fore St
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