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88 Southgate 754 SF 100% Leased Retail Building Elland HX5 0EP $212,271 CAD ($281.53 CAD/SF) 6.70% Cap Rate
Investment Highlights
- Well positioned on the edge of Elland town centre.
- Close to public car parking
- Occupied by a longstanding tenant paying £7,800 per annum
Executive Summary
SINGLE LET COMMERCIAL INVESTMENT OPPORTUNITY
The property comprises a single storey commercial building which has been occupied as a pet shop for a number of years. It is well located at the junction of Southgate and Elizabeth Street close to public car parking and is subject to a continuation of a lease with the tenant paying £7,800 per annum. The property presents a prospect of some rental growth and, based on the asking price, reflects an initial yield of 6.7%.
The property comprises a single storey commercial building which has been occupied as a pet shop for a number of years. It is well located at the junction of Southgate and Elizabeth Street close to public car parking and is subject to a continuation of a lease with the tenant paying £7,800 per annum. The property presents a prospect of some rental growth and, based on the asking price, reflects an initial yield of 6.7%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
754 SF
Building Class
C
Year Built
1900
Price
$212,271 CAD
Price Per SF
$281.53 CAD
Cap Rate
6.70%
NOI
$14,222 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
1.00
Lot Size
0.02 AC
Frontage
1 1
Nearby Major Retailers
1 of 4
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88 Southgate
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