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1 Station Hill, Cookham 1,366 SF 100% Leased Retail Building Maidenhead SL6 9BT $1,010,278 ($739.59/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominent Business Location
- High Ceilings
- Solid Transport Links
EXECUTIVE SUMMARY
A three-storey building consisting of ground floor restaurant with basement and independently accessed residential on first and second floors comprising 5 letting rooms with communal kitchen and two bathrooms. £750,000 for the freehold interest subject to the tenancies. A purchase at this level shows a net initial yield, after acquisition costs, of 9.3% on the gross rents and 7% on the rental income less estimated HMO running costs.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,366 SF
Building Class
B
Year Built
1980
Price
$1,010,278
Price Per SF
$739.59
Cap Rate
7%
NOI
$70,719
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.24
Lot Size
0.13 AC
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1 Station Hill, Cookham
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