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London Rd 24,511 SF 75% Leased Retail Building Pembroke Dock SA72 6BP $5,957,044 CAD ($243.04 CAD/SF) 7.73% Cap Rate
Investment Highlights
- Three modern retail warehouse units totalling 24,511 sq ft
- Located within the town's principal retail destination
- Producing total rental income of £238,000 per annum
Executive Summary
Pembrokeshire Retail Park presents a freehold retail warehouse investment opportunity in the principal retailing cluster of Pembroke Dock. The asset generates a current passing income of £238,000 per annum from a diversified tenant line-up comprising Argos, Sue Ryder and Peacocks. The property benefits from low passing rents, creating reversionary potential, while the implemented planning consent for an additional 6,172 sq ft retail warehouse unit provides a clear opportunity for future value enhancement.
Surrounding occupiers including Tesco, Farmfoods, B&M, McDonald's, KFC and Travelodge reinforce the park's strong retail position. Offers are sought at £3.175 million, reflecting a net initial yield of 7.73%
Surrounding occupiers including Tesco, Farmfoods, B&M, McDonald's, KFC and Travelodge reinforce the park's strong retail position. Offers are sought at £3.175 million, reflecting a net initial yield of 7.73%
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
24,511 SF
Building Class
B
Year Built
2000
Price
$5,957,044 CAD
Price Per SF
$243.04 CAD
Cap Rate
7.73%
NOI
$460,479 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
2.48 AC
Amenities
- Bus Line
- Commuter Rail
- Courtyard
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The property is available on a new lease with terms to be agreed on full repairing and insuring terms with 5 yearly upward only rent reviews. Rent on application.
| Space | Size | Space Use | Position | Available |
| Ground | 6,250 SF | Retail | - | Now |
Ground
| Size |
| 6,250 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Ground
| Size | 6,250 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
The property is available on a new lease with terms to be agreed on full repairing and insuring terms with 5 yearly upward only rent reviews. Rent on application.
Nearby Major Retailers
1 of 6
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London Rd
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