84 Station Rd
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84 Station Rd
1,186 SF Retail Building Yate BS37 4PH £450,000 (£379/SF) 7.41% Net Initial Yield
Investment Highlights
- Prime Retail Location
- Close to City Centre
- Great Transport Links
Executive Summary
A fantastic freehold fully let investment opportunity located on Station Road, Yate. The property comprises a ground floor shop/office (let to Andrews estate agents) with 3 studio flats above. Planning consent was previously granted for the erection of 2 x 1 bedroom flats to the rear of the property although this has since lapsed.
The ground floor office is let on a new 10 year lease at £15,000 per annum and the 3 studio flats are let on Assured Shorthold Tenancy Agreements.
The property is therefore fully let producing a total annual rent of £33,360.
The ground floor office is let on a new 10 year lease at £15,000 per annum and the 3 studio flats are let on Assured Shorthold Tenancy Agreements.
The property is therefore fully let producing a total annual rent of £33,360.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,186 SF
Year Built
1940
Price
£450,000
Price Per SF
£379
Net Initial Yield
7.41%
NOI
£33,360
Tenancy
Single
Number of Floors
1
Building FAR
0.25
Lot Size
0.11 AC
Frontage
21 ft on Station Road
Amenities
- Bus Route
1 of 1
Nearby Major Retailers
1 of 9
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84 Station Rd
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