41 King St 3,500 SF 100% Leased Retail Building Penrith CA11 7AY £775,000 (£221.43/SF) 9.03% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Occupiers within the vicinity include a variety of national and local occupiers including NatWest, Greggs and Newcastle Building Society.
- The property is located within the town centre fronting King Street, close to the intersection of Devonshire street along from the main Market Sq.
- The town has a railway station serving the main West Coast Line between London and Scotland.
EXECUTIVE SUMMARY
Offers in the region of £775,000 are invited for the sale of the freehold investment.
***AVERAGE RENTAL INCOME AROUND £70,000 PER ANNUM***
***FREEHOLD INVESTMENT***
***TOWN CENTRE LOCATION***
***MIXED COMMERCIAL AND RESIDENTIAL***
***SALE PRICE: £775,000***
***AVERAGE RENTAL INCOME AROUND £70,000 PER ANNUM***
***FREEHOLD INVESTMENT***
***TOWN CENTRE LOCATION***
***MIXED COMMERCIAL AND RESIDENTIAL***
***SALE PRICE: £775,000***
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,500 SF
Building Class
B
Year Built
1850
Price
£775,000
Price Per SF
£221.43
Net Initial Yield
9.03%
NOI
£70,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.42
Lot Size
0.06 AC
Frontage
32 ft on King Street
AMENITIES
- 24 Hour Access
1 of 1
NEARBY MAJOR RETAILERS
