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Iceland Preston St

6,989 SF Retail Building Whitehaven CA28 9DL £920,000 (£132/SF) 9.50% Net Initial Yield

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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%.

Brochure

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

£132

Net Initial Yield

9.50%

NOI

£87,400

Tenancy

Single

Number of Floors

Building FAR

0.09

Land Acres

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

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