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15 High St 1,206 SF 100% Leased Retail Building Ripley DE5 3AA $206,521 ($171.24/SF) 10.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Great transport links
- Long term tenants in situ
- Prominent position on High Street
EXECUTIVE SUMMARY
The property comprises a mid-terrace, three-storey Victorian building split to provide a commercial retail use on the ground floor, with residential use to the first and second floors.
There is a ground level access to the front of the property by way of a typical shop front. The residential flat comprises two bedrooms, one bathroom and separate living/dining quarters, accessed to the rear by way of a fire escape.
A guide price of £155,000 which reflects a net initial yield of 10.55% allowing for standard purchase.
There is a ground level access to the front of the property by way of a typical shop front. The residential flat comprises two bedrooms, one bathroom and separate living/dining quarters, accessed to the rear by way of a fire escape.
A guide price of £155,000 which reflects a net initial yield of 10.55% allowing for standard purchase.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,206 SF
Building Class
B
Year Built
1950
Price
$206,521
Price Per SF
$171.24
Cap Rate
10.55%
NOI
$21,788
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.96
Lot Size
0.03 AC
Frontage
14’ on High St
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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15 High St
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