Westcliffe Buildings | 55 Seaward Av
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Westcliffe Buildings 55 Seaward Av
2,176 SF Retail Building New Milton BH25 7HN £1,700,000 (£781/SF) 5.40% Net Initial Yield
Investment Highlights
- Three storey art deco brick building
- Mixed glazing and a flat roof
- Rendered facade
Executive Summary
Seeking £1,700,000 for the Vendor’s freehold interest. The price reflects a net initial yield of 5.4% once the lease to Co-op completes and the asset is fully income producing. The sale however will involve the purchaser completing the snagging works and absorbing the rent free
period in order for the deed of variation and lease to complete to The Co-op Group Food Ltd. These costs and timescales will need to be incorporated/factored in, within any proposal made.
period in order for the deed of variation and lease to complete to The Co-op Group Food Ltd. These costs and timescales will need to be incorporated/factored in, within any proposal made.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
2,176 SF
Year Built
1900
Price
£1,700,000
Price Per SF
£781
Net Initial Yield
5.40%
NOI
£91,800
Tenancy
Single
Number of Floors
3
Building FAR
0.35
Land Acres
0.14 AC
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Westcliffe Buildings | 55 Seaward Av
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