36-38 Sherrard St
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36-38 Sherrard St
6,797 SF 100% Leased Retail Building Melton Mowbray LE13 1XJ £1,250,000 (£184/SF) 7.97% Net Initial Yield
Investment Highlights
- Fully let mixed use investment
- Rental Income of £105,420
- 3 x retail units and 8 x residential apartments
Executive Summary
A mixed use investment comprising a 3 x ground floor retail units and 8 x residential apartments.
The ground floor retail units are occupied by William Hill, Viet Nails 38 Ltd and C.B. George Ltd t/a Bargain Booze / Post Office. Each unit generally provides an open plan retail / sales area with w/c accommodation and staff facilities to the rear.
The first floor comprises a mix of 1 x studio apartment, 6 x 1bed apartments and 1 x 2bed apartment.
Externally, to the rear of the property, is a secure service yard.
The ground floor retail units are occupied by William Hill, Viet Nails 38 Ltd and C.B. George Ltd t/a Bargain Booze / Post Office. Each unit generally provides an open plan retail / sales area with w/c accommodation and staff facilities to the rear.
The first floor comprises a mix of 1 x studio apartment, 6 x 1bed apartments and 1 x 2bed apartment.
Externally, to the rear of the property, is a secure service yard.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
6,797 SF
Year Built
1970
Price
£1,250,000
Price Per SF
£184
Net Initial Yield
7.97%
NOI
£99,625
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.35
Land Acres
0.12 AC
Frontage
72 ft on Sherrard Street
Amenities
- Courtyard
1 of 1
Nearby Major Retailers
1 of 9
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36-38 Sherrard St
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