Se Connecter/S’inscrire
Votre courriel a été envoyé.
2 Cumbergate 1 005 pi² Commerce de détail Immeuble Peterborough PE1 1YR 706 491 $ CAD (702,98 $ CAD/pi²) 8,75% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Freehold retail investment opportunity in central city centre location.
- Let to HASH Clothing Ltd (T/A NIRO) by way of an FRI lease expiring 5th November 2028.
- Freehold.
- Well established menswear business who have traded from the property for approximately 40 years.
- Current rental is £34,400 per annum exclusive.
- Net initial yield 8.75%.
Résumé de l'annonce
LOCATION
Peterborough is a cathedral city in Cambridgeshire in East Anglia with a population of 192,000 and is located 74 miles north of London, 34 miles northwest of Cambridge, and 41 miles east of Leicester. The city has excellent road communications, being located just off Junction 17 of the A1, and Peterborough train station is a principal stop on the East Coast mainline with a journey time to London Kings Cross of 45-50 mins.
SITUATION
Cumbergate is a pedestrianised street in the heart of the city centre which links Queensgate shopping centre with St Johns Square and Cathedral Square. It is adjacent to one of the entrances to Queensgate shopping centre and occupiers located nearby include Henry Smith & Hamylton Opticians, Tap & Tandoor, Turtle Bay, McDonald's, etc.
DESCRIPTION
The property comprises a ground floor retail unit with first floor storage/staff accommodation and is of modern construction with a new pitched, tiled slate roof.
TENURE
The property is held FREEHOLD subject to the existing occupational lease.
OCCUPATIONAL LEASE
The property is let to HASH Clothing Ltd by way of a 10 year full repairing and insuring lease from 6th November 2018 at a passing rental of £34,400 per annum with there being no further rent review until expiry on 5th November 2028.
TENANT INFORMATION
The tenant trades as NIRO and they have occupied the property since 1986. NIRO are a quality and upmarket menswear retailer who offer brands such as Giorgio Armani, Hugo Boss, Versace, D&G, Stone Island, Fred Perry, Carhartt, Scotch & Soda, and they have an extensive following throughout the Midlands and East Anglia together with an excellent online presence. The company’s latest accounts up to 31st July 2024 show a healthy cash at bank and in hand sum together with significant shareholders’ funds.
EPC
The property has an EPC rating of C.
VAT
The property is not registered for VAT.
PROPOSAL
We are instructed to seek £375,000 (three hundred and seventy-five thousand pounds). A purchase at this level will reflect a net initial yield of 8.75% after purchaser’s costs.
Peterborough is a cathedral city in Cambridgeshire in East Anglia with a population of 192,000 and is located 74 miles north of London, 34 miles northwest of Cambridge, and 41 miles east of Leicester. The city has excellent road communications, being located just off Junction 17 of the A1, and Peterborough train station is a principal stop on the East Coast mainline with a journey time to London Kings Cross of 45-50 mins.
SITUATION
Cumbergate is a pedestrianised street in the heart of the city centre which links Queensgate shopping centre with St Johns Square and Cathedral Square. It is adjacent to one of the entrances to Queensgate shopping centre and occupiers located nearby include Henry Smith & Hamylton Opticians, Tap & Tandoor, Turtle Bay, McDonald's, etc.
DESCRIPTION
The property comprises a ground floor retail unit with first floor storage/staff accommodation and is of modern construction with a new pitched, tiled slate roof.
TENURE
The property is held FREEHOLD subject to the existing occupational lease.
OCCUPATIONAL LEASE
The property is let to HASH Clothing Ltd by way of a 10 year full repairing and insuring lease from 6th November 2018 at a passing rental of £34,400 per annum with there being no further rent review until expiry on 5th November 2028.
TENANT INFORMATION
The tenant trades as NIRO and they have occupied the property since 1986. NIRO are a quality and upmarket menswear retailer who offer brands such as Giorgio Armani, Hugo Boss, Versace, D&G, Stone Island, Fred Perry, Carhartt, Scotch & Soda, and they have an extensive following throughout the Midlands and East Anglia together with an excellent online presence. The company’s latest accounts up to 31st July 2024 show a healthy cash at bank and in hand sum together with significant shareholders’ funds.
EPC
The property has an EPC rating of C.
VAT
The property is not registered for VAT.
PROPOSAL
We are instructed to seek £375,000 (three hundred and seventy-five thousand pounds). A purchase at this level will reflect a net initial yield of 8.75% after purchaser’s costs.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Ancienneté
Pleine propriété
Sous-type de propriété
Boutique
Taille du bâtiment
1 005 pi²
Classe d’immeuble
B
Année de construction
1918
Prix
706 491 $ CAD
Prix par pi²
702,98 $ CAD
Taux de capitalisation
8,75%
Revenu net d’exploitation
61 818 $ CAD
Location
Unique
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,03
Taille du lot
0,75 AC
Façade
9’ sur Cumbergate
Commodités
- Ligne d'autobus
- Système de sécurité
- Affichage
1 1
Principaux détaillants à proximité
1 de 3
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
Entreprise non fournie
2 Cumbergate
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.