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127-129 Radford Rd 1,063 SF Retail Building Coventry CV6 3BQ $889,266 ($836.56/SF) 7.18% Cap Rate
Investment Highlights
- Situated on busy main road.
- Ground floor leased to Betfred until 2027.
- Close Proximity to Coventry City Centre.
- Current rental income: £48,620 per annum.
- Surrounded by reputable local occupiers.
- NIY 7.05% assuming costs of 6%.
Executive Summary
The property consists of a double fronted retail unit and 3 residential flats. The retail space is currently let to Betfred until January 2027, at a rent of £27,500 per annum and the flats are also fully let. The total annual rental income is currently £46,700.
The Radford area has seen an attractive 6% growth in residential values within the last 12 months, with the rest of Coventry also seeing overall growth (Source: Nimbus Maps).
The Radford area has seen an attractive 6% growth in residential values within the last 12 months, with the rest of Coventry also seeing overall growth (Source: Nimbus Maps).
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,063 SF
Building Class
C
Year Built
1910
Price
$889,266
Price Per SF
$836.56
Cap Rate
7.18%
NOI
$63,890
Tenancy
Single
Building Height
2 Stories
Frontage
14’ on Radford Road
Amenities
- Security System
- Energy Performance Rating - D
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127-129 Radford Rd
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