18-22A Market St
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18-22A Market St
1,626 SF 100% Leased Retail Building Cramlington NE23 7HR £229,950 (£141/SF) 9.37% Net Initial Yield
Investment Highlights
- Large rear yard
- Prominent main road location
- Mixed investment near Cramlington
- Parking
- Two commercial and one residential tenant
Executive Summary
9.37 % yield on an asking price of £229,950.
A detached two storey property comprising 2 retail units, and a first floor flat consisting living room, kitchen, two bedrooms and bathroom. There is a large yard to of the rear of the property providing additional parking.
A detached two storey property comprising 2 retail units, and a first floor flat consisting living room, kitchen, two bedrooms and bathroom. There is a large yard to of the rear of the property providing additional parking.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,626 SF
Building Class
C
Year Built
1950
Price
£229,950
Price Per SF
£141
Net Initial Yield
9.37%
NOI
£21,546
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.37
Land Acres
0.10 AC
Frontage
41 ft on Market Street
Amenities
- Corner Lot
1 of 1
-
Gordon Bird -
Rook Matthews Sayer
1 of 2
VIDEOS
3D TOUR
PHOTOS
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18-22A Market St
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