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16-16A John St 1,606 SF Vacant Retail Building Porthcawl CF36 3BA $434,986 ($270.85/SF) 4.15% Cap Rate

EXECUTIVE SUMMARY
The property comprises a mid terrace mixed use part income producing investment with ground floor retail and a self contained first / second floor two bedroom maisonette flat above which extends into the attic.
The ground floor is currently let and provides an additional seating area and WC facilities for the adjacent Cafe. The first floor / second floor provides a large two double bedroom maisonette flat which is well presented and accessed via the front corridor adjacent to the shop. The flat comprises a kitchen, lounge, dining room, two double bedrooms and a bathroom. There is potential to add a further single bedroom subject to obtaining the necessary planning consents. Furthermore there is a basement which provides additional storage.
The ground floor is currently let and provides an additional seating area and WC facilities for the adjacent Cafe. The first floor / second floor provides a large two double bedroom maisonette flat which is well presented and accessed via the front corridor adjacent to the shop. The flat comprises a kitchen, lounge, dining room, two double bedrooms and a bathroom. There is potential to add a further single bedroom subject to obtaining the necessary planning consents. Furthermore there is a basement which provides additional storage.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,606 SF
Building Class
B
Year Built
1900
Price
$434,986
Price Per SF
$270.85
Cap Rate
4.15%
NOI
$18,069
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.53
Lot Size
0.02 AC
Frontage
21’ on John Street
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NEARBY MAJOR RETAILERS
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16-16A John St
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