6 Longsmith St | Gloucester GL1 2HH
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6 Longsmith St
Gloucester GL1 2HH
Retail Property For Sale
Investment Highlights
- Residential units included in the sale
- Easily accessible
- Mixed use investment
Executive Summary
We are instructed to seek offers in the region of £475,000 for the freehold interest in the property, subject to the tenancies outlined. A purchase at this level would reflect a gross yield of 8.74% or net initial yield of 8.38% after purchaser’s costs of 4.3%.
The property is a three-storey building of concrete frame construction with two selfcontained retail units on the ground floor with residential above.
Ground floor:
No. 6 - 450 SQ FT
No. 8 - 399 SQ FT
First and Second floors - 1,550 SQ FT
The property is a three-storey building of concrete frame construction with two selfcontained retail units on the ground floor with residential above.
Ground floor:
No. 6 - 450 SQ FT
No. 8 - 399 SQ FT
First and Second floors - 1,550 SQ FT
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
849 SF
Building Class
B
Year Built
1982
Price
£475,000
Price Per SF
£559
Net Initial Yield
8.38%
NOI
£39,805
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.71
Lot Size
0.03 AC
Frontage
13 ft on Longsmith Street
Amenities
- EPC - C
- Storage Space
1 of 2
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