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Concho Lounge 16 Bank St 3,600 SF Retail Building Newquay TR7 1AY $1,065,913 ($296.09/SF) 7.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Town Centre Investment
- Income of £60,000 per annum
- Let on a Term To Expire 7th December 2030
- Outstanding Covenant of Loungers Ltd
EXECUTIVE SUMMARY
The freehold of this investment opportunity is available for the asking price of £800,000, providing a yield of 7.11%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,600 SF
Building Class
B
Year Built
1900
Price
$1,065,913
Price Per SF
$296.09
Cap Rate
7.11%
NOI
$75,786
Tenancy
Single
Building Height
3 Stories
Building FAR
0.28
Lot Size
0.30 AC
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NEARBY MAJOR RETAILERS
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Concho Lounge | 16 Bank St
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