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123 Exeter St 5,176 SF 100% Leased Retail Building Salisbury SP1 2SG $999,294 ($193.06/SF) 8.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Rental income of £64,000 per annum
- Commercial lease subject to five yearly upward only market rent reviews
- Mixed use commercial & residential investment
EXECUTIVE SUMMARY
A commercial investment property for sale, the property has scope for future extension or redevelopment, subject to the necessary consents. The property is subject to a commercial lease in favour of Medivet Group Ltd, a veterinary practice occupying the ground floor and part of the first floor of the property. There are also separate Assured Shorthold Tenancies in place for the residential accommodation at first and second floor levels. The current rental income generated by the property is £64,000 per annum.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Veterinarian/Kennel
Building Size
5,176 SF
Year Built
1900
Price
$999,294
Price Per SF
$193.06
Cap Rate
8.53%
NOI
$85,273
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.99
Lot Size
0.12 AC
1 1
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123 Exeter St
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