55 Springfield Rd 858 SF 100% Leased Retail Building Great Yarmouth NR31 6AD £375,000 (£437.06/SF) 6.88% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Well located within residential suburb
- Good on-street parking options
- Visible to passing traffic per corner position
EXECUTIVE SUMMARY
This is a fantastic opportunity to acquire a fully tenanted freehold investment property in the ever-popular coastal town of Gorleston, Norfolk. Generating a total annual income of £25,800, this mixed-use property offers a solid return with established tenants in place.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
858 SF
Building Class
B
Year Built
1980
Price
£375,000
Price Per SF
£437.06
Net Initial Yield
6.88%
NOI
£25,800
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.54
Lot Size
0.04 AC
Frontage
47 ft on Springfield Road
AMENITIES
- Signage
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Shellie Brown -
Steel & Co
