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10 Samman Rd 1,145 SF Retail Building Beverley HU17 0BS $201,353 ($175.85/SF) 6.80% Cap Rate
Investment Highlights
- Good road communications
- Close to local amenities
- Popular retail location
Executive Summary
The premises comprise end-of-terrace ground floor shop with double frontage currently t/a William Hill betting shop, providing the following accommodation and dimensions: ground Floor: 106.40 sq m (1,145 sq ft); open plan retail, kitchen, office, WCs.
The property is at present let to William Hill Organization Limited for a term of 15 years from 10th January 2023 at a current rent of £10,000 per annum and the lease contains full repairing and insuring covenants.
Long leasehold. Held on a lease for a term of years from 29th February 1995 expiring 17th January 2113 at a current ground rent of £10 per annum.
The property is at present let to William Hill Organization Limited for a term of 15 years from 10th January 2023 at a current rent of £10,000 per annum and the lease contains full repairing and insuring covenants.
Long leasehold. Held on a lease for a term of years from 29th February 1995 expiring 17th January 2113 at a current ground rent of £10 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
1,145 SF
Building Class
B
Year Built
1871
Price
$201,353
Price Per SF
$175.85
Cap Rate
6.80%
NOI
$13,699
Tenancy
Single
Building Height
1 Story
Lot Size
10.58 AC
Frontage
38’ on Samman Road
1 1
Nearby Major Retailers
1 of 2
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10 Samman Rd
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