49-51 Station Rd 1,170 SF Retail Building Seaham SR7 0AQ £89,950 (£76.88/SF) 10.56% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Situated on busy main road
- Excellent investment opportunity
- 10.56 % yield on asking price
- Two storey property
- 5 year lease from March 2022
- Floor area 108.74 sq. m. (1170.4 sq. ft.)
EXECUTIVE SUMMARY
A traditional mid terrace two storey red brick building with pitched roof consisting ground floor tanning salon with first floor beauty rooms.
£89,950, £9,500 per annum, 10.56 % Yield on Asking Price.
£89,950, £9,500 per annum, 10.56 % Yield on Asking Price.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,170 SF
Building Class
C
Year Built
1940
Price
£89,950
Price Per SF
£76.88
Net Initial Yield
10.56%
NOI
£9,499
Tenancy
Single
Number of Floors
2
Building FAR
0.90
Lot Size
0.03 AC
Frontage
18 ft on Station Road
AMENITIES
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Gordon Bird -
Rook Matthews Sayer
