64 Pelham Rd 810 SF Retail Building Immingham DN40 1AB £315,000 (£388.89/SF) 8.28% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Commercial unit with residential space above
- Open plan retail space
- Located on a parade of shops on Pelham road
EXECUTIVE SUMMARY
Crofts Estate Agents are delighted to being to the market this commercial shop with residential HMO above, located on Pelham road, Immingham. The property currently generates a combined annual rental income of £29,400, making this the ideal investment opportunity for a landlord looking to add to their portfolio or one just starting out. All enquiries and viewing requests can be made by contacting our Immingham branch.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront
Building Size
810 SF
Year Built
1960
Price
£315,000
Price Per SF
£388.89
Net Initial Yield
8.28%
NOI
£26,070
Tenancy
Single
Number of Floors
1
Building FAR
0.33
Lot Size
0.06 AC
Frontage
19 ft on Pelham Road
AMENITIES
- 24 Hour Access
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Matt Nicholas - Crofts Estate Agent
