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159 Old Rd 575 SF Retail Building Clacton On Sea CO15 3AU $321,552 ($559.22/SF) 6.09% Cap Rate
Investment Highlights
- Prominent Business Location
- High Ceilings
- Solid Transport Links
Executive Summary
Freehold offers in the region of £249,000 are sought for the benefit of this valuable interest. A sale at this level would reflect a net initial yield of 5.75% having regard to a purchasers costs. The property is held by way of a lease to Mr P Cook trading as Dial A Pizza for a term of 5 years from 01/09/2022 at a passing rent of £15,000 pax. The lease includes a rent review in 1/9/25.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Building Size
575 SF
Building Class
C
Year Built
1960
Price
$321,552
Price Per SF
$559.22
Cap Rate
6.09%
NOI
$19,591
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.20 AC
Frontage
22’ on Old Road
1 1
Nearby Major Retailers
1 of 2
Videos
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Photos
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Map
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Presented by
159 Old Rd
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