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Upminster Rd S 486 SF 100% Leased Retail Building Rainham RM13 9BD $795,982 CAD ($1,637.82 CAD/SF) 3.29% Cap Rate
Investment Highlights
- A half mile radius of Rainham station
- Three bedroom maisonette above
- Close to local amenities
Executive Summary
An opportunity to purchase the freehold to this open plan shop with three bedroom maisonette above.
The shop is currently let to Betfred in conjunction with the adjoining property and produces a return of £10,000 per annum.
The maisonette has it's own entrance from rear and has a paved garden, lounge, utility room, kitchen, three bedrooms and a bathroom. This is let on an Assured Shorthold Tenancy for £14,400 per annum returning a combined yield of 5.74% at the asking price.
The shop is currently let to Betfred in conjunction with the adjoining property and produces a return of £10,000 per annum.
The maisonette has it's own entrance from rear and has a paved garden, lounge, utility room, kitchen, three bedrooms and a bathroom. This is let on an Assured Shorthold Tenancy for £14,400 per annum returning a combined yield of 5.74% at the asking price.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
486 SF
Building Class
B
Year Built
1970
Price
$795,982 CAD
Price Per SF
$1,637.82 CAD
Cap Rate
3.29%
NOI
$26,221 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.02 AC
1 1
Nearby Major Retailers
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Upminster Rd S
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