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Richmondshire Walk - Richmondshire Walk Shopping Centre 2,137 SF Retail Condo Unit Offered at $605,200 CAD in Catterick Garrison DL9 3EN
INVESTMENT HIGHLIGHTS
- Purpose built retail parade constructed 2000
- The town benefits from swift transport links across the region linking with the A1(M)
- Centrally located in Catterick Garrison
EXECUTIVE SUMMARY
Ground and first floor retail premises forming part of this purpose built retail parade. The property is of steel frame construction with sheet clad elevations and brick outerleaf. The ground floor comprises an open plan sales area incorporating glazed window frontage to the main customer car park and customer service desk. There is a tiled floor and suspended ceiling with LED lighting and electrically operated heating/ cooling. There are a number of stores/ offices to the rear. The first floor comprises a store room with ancillary staff/ storage accommodation. There is a goods lift with loading access from the rear.
PROPERTY FACTS
| Total Building Size | 98,099 SF | Typical Floor Size | 32,700 SF |
| Property Type | Retail (Condo) | Year Built | 1999 |
| Building Class | B | Lot Size | 7.32 AC |
| Floors | 2 | Parking Ratio | 7.65/1,000 SF |
| Total Building Size | 98,099 SF |
| Property Type | Retail (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 32,700 SF |
| Year Built | 1999 |
| Lot Size | 7.32 AC |
| Parking Ratio | 7.65/1,000 SF |
AMENITIES
- Restaurant
- Security System
- Storage Space
- Air Conditioning
1 UNIT AVAILABLE
Unit C
| Unit Size | 2,137 SF | Sale Type | Investment |
| Price | $605,200 CAD | Tenure | Long Leasehold |
| Price Per SF | $283.20 CAD | Cap Rate | 8.37% |
| Condo Use | Retail | NOI | $50,655.24 CAD |
| Unit Size | 2,137 SF |
| Price | $605,200 CAD |
| Price Per SF | $283.20 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.37% |
| NOI | $50,655.24 CAD |
DESCRIPTION
CEX (Franchising) Ltd currently leasing the unit.
SALE NOTES
A purchase at the asking price demonstrates a net initial yield of 8.37% (adjusting for service charge deficit) after assuming standard purchaser’s costs at 3.57%.
NEARBY MAJOR RETAILERS
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Richmondshire Walk - Richmondshire Walk Shopping Centre
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