Iceland Preston St 6,989 SF Retail Building Whitehaven CA28 9DL £920,000 (£131.64/SF) 9.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located on edge of town centre next to Aldi & Home Bargains
- Good road links
- Shared site with Aldi and a total of 118 car spaces
EXECUTIVE SUMMARY
AP Investment are instructed to seek offers in excess of £920,000 (Nine Hundred & Twenty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this price would reflect a net initial yield of 9.5%, assuming costs of purchase of 5.7%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Supermarket
Building Size
6,989 SF
Year Built
1996
Price
£920,000
Price Per SF
£131.64
Net Initial Yield
9.50%
NOI
£87,400
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
1.80 AC
Parking
118 Spaces (16.88 Spaces per 1,000 SF Leased)
Frontage
66 ft on Preston Street
AMENITIES
- EPC - B
- Roller Shutters
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Andy Price -
AP Investment
