22 Bridge St 2,895 SF Retail Building Blyth NE24 2BW $425,323 ($146.92/SF) 7.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominently positioned on Bridge Street, close to the town centre
- Attractive period building
- The property is in close proximity to the Keel Row shopping centre
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £320,000 (Three Hundred & Twenty Thousand Pounds) reflecting a net initial yield of 7.55% assuming purchasers’ costs of 3.52%.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Day Care Center
Building Size
2,895 SF
Building Class
C
Year Built
1920
Price
$425,323
Price Per SF
$146.92
Cap Rate
7.55%
NOI
$32,112
Tenancy
Single
Building Height
2 Stories
Building FAR
0.74
Lot Size
0.09 AC
Parking
9 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
44’ on Bridge Street
AMENITIES
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
CONTACT
-
Daniel Capobasso -
Delta Capital Property Investment
