Castleford Retail Park 2 Retail Properties Offered at £4,390,000 in Castleford
INVESTMENT HIGHLIGHTS
- Excellent location adjacent to Aldi and Castleford Bus Station
- 220 car parking spaces
- Situated in a prominent position at the junction of Albion Street and Enterprise way to the southwest of the town centre
EXECUTIVE SUMMARY
The property comprises of a three unit retail park arranged in two separate buildings. A Morrisons food store and British Heart Foundation occupy part of the property that has been sold off to Morrisons on a long leasehold. B&M occupy a separate unit adjoining including a garden centre to the rear.
Current passing rent of £327,500 pa equating to a low £10.57 per sq ft.
Offers in excess of £4,390,000 (Four Million, Three Hundred and Ninety Thousand Pounds) for our client’s Freehold interest. This reflects an attractive net initial yield of 7.00% assuming usual purchaser’s costs.
Current passing rent of £327,500 pa equating to a low £10.57 per sq ft.
Offers in excess of £4,390,000 (Four Million, Three Hundred and Ninety Thousand Pounds) for our client’s Freehold interest. This reflects an attractive net initial yield of 7.00% assuming usual purchaser’s costs.
PROPERTY FACTS
| Price | £4,390,000 |
| Price / SF | £86.28 / SF |
| Net Initial Yield | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 50,882 SF |
| Total Land Area | 8.82 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Albion St, Castleford WF10 1QX | Retail | 30,961 SF | 2002 | - |
| Albion St, Castleford WF10 1QX | Retail | 19,921 SF | 2002 | - |
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