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18-22A Market St 1,626 SF 100% Leased Retail Building Cramlington NE23 7HR $253,154 ($155.69/SF) 11.34% Cap Rate
INVESTMENT HIGHLIGHTS
- Large rear yard
- Prominent main road location
- Mixed investment near Cramlington
- Parking
- Two commercial and one residential tenant
EXECUTIVE SUMMARY
11.34% yield on the guide price of £190,000
A detached two storey property comprising 2 retail units, and a first floor flat consisting living room, kitchen, two bedrooms and bathroom. There is a large yard to of the rear of the property providing additional parking.
A detached two storey property comprising 2 retail units, and a first floor flat consisting living room, kitchen, two bedrooms and bathroom. There is a large yard to of the rear of the property providing additional parking.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,626 SF
Building Class
C
Year Built
1950
Price
$253,154
Price Per SF
$155.69
Cap Rate
11.34%
NOI
$28,708
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.10 AC
Frontage
41’ on Market Street
AMENITIES
- Corner Lot
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18-22A Market St
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