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102 Albert Rd 815 SF Retail Building Southsea PO5 2SN $251,471 ($308.55/SF) 7.29% Cap Rate
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
Sale of the freehold for £185,000. A purchase at this level would reflect a NIY of 7.29%.
A large ground floor retail unit, fully let on a 10 year lease, with a passing rent of £14,000 pax.
A large ground floor retail unit, fully let on a 10 year lease, with a passing rent of £14,000 pax.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
815 SF
Building Class
C
Year Built
1950
Price
$251,471
Price Per SF
$308.55
Cap Rate
7.29%
NOI
$18,332
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.04 AC
Amenities
- Bus Line
- Security System
- Energy Performance Rating - E
1 1
Nearby Major Retailers
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102 Albert Rd
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