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Cornhill House 17 Market Square 3,919 SF 100% Leased Retail Building Crewkerne TA18 7LG $500,507 ($127.71/SF) 8.32% Cap Rate



INVESTMENT HIGHLIGHTS
- Town centre fully let investment
- Three retail units, first and second floor offices
EXECUTIVE SUMMARY
A Grade II listed building with three self contained retail units; one currently sold off on a long leasehold basis, and first and second floor offices with parking to the rear.
Shop 1 is currently trading as a ear wax removal clinic and comprises a sales area to the front with kitchen, rear sales, store and WC located to the rear of the shop. The unit benefits from air conditioning in the front and rear sales areas.
Shop 2 is currently trading as a Chinese takeaway and comprises sales to the front, with kitchen and WC to the rear. The premises has a fitted commercial kitchen with extraction system.
Shop 3 is currently trading as a florist and has been sold off on a long leasehold basis. The unit comprises sales to the front with kitchen, store and WC to the rear.
The first and second floor offices provide modern office accommodation with both cellular and open plan offices fitted with single glazed windows, carpets, compliant lighting and electric heating.
To the rear of the building is parking for approximately 8 vehicles
Shop 1 is currently trading as a ear wax removal clinic and comprises a sales area to the front with kitchen, rear sales, store and WC located to the rear of the shop. The unit benefits from air conditioning in the front and rear sales areas.
Shop 2 is currently trading as a Chinese takeaway and comprises sales to the front, with kitchen and WC to the rear. The premises has a fitted commercial kitchen with extraction system.
Shop 3 is currently trading as a florist and has been sold off on a long leasehold basis. The unit comprises sales to the front with kitchen, store and WC to the rear.
The first and second floor offices provide modern office accommodation with both cellular and open plan offices fitted with single glazed windows, carpets, compliant lighting and electric heating.
To the rear of the building is parking for approximately 8 vehicles
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,919 SF
Building Class
B
Year Built
1900
Price
$500,507
Price Per SF
$127.71
Cap Rate
8.32%
NOI
$41,642
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
1 1
NEARBY MAJOR RETAILERS
1 of 5
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Cornhill House | 17 Market Square
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