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180 High St 4,550 SF Retail Building Eston TS6 9JA $266,870 ($58.65/SF) 14.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- Open Plan
- Natural Light
EXECUTIVE SUMMARY
The property comprises of a ground floor pub, which is fully fitted and furnished, along with a basement. The first floor comprises of 2 residential properties, one with two bedrooms and the other with three bedrooms. Both apartments are fitted with a kitchen and bathroom and include an outdoor terrace which is unusual for the area, making this a fantastic addition.
Both apartments are tenanted and returning £175 per week per apartment with bills inclusive.
Current rent is £18,200 with a potential £30,200 per annum when fully occupied.
With this is mind, the yield return is 9.7%.
Both apartments are tenanted and returning £175 per week per apartment with bills inclusive.
Current rent is £18,200 with a potential £30,200 per annum when fully occupied.
With this is mind, the yield return is 9.7%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
4,550 SF
Year Built
1901
Price
$266,870
Price Per SF
$58.65
Cap Rate
14.55%
NOI
$38,833
Tenancy
Single
Building Height
2 Stories
Building FAR
1.75
Lot Size
0.06 AC
1 1
NEARBY MAJOR RETAILERS
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180 High St
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