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28 High St 4,714 SF Retail Building Crediton EX17 3AH $419,703 ($89.03/SF) 7.94% Cap Rate
INVESTMENT HIGHLIGHTS
- Town centre location, close to TescoExpress and Lloyds Bank
- Trading as Costa Coffee
- Entirely let on a lease expiring 2027 (without break)
- Potential for future redevelopment of the upper floors
EXECUTIVE SUMMARY
Lot 97 is available for sale at an Allsop online auction that got help on Tuesday 19th September 2023.
The property comprises a freehold investment opportunity for sale.
The asking price is £315,000, representing a gross initial yield of 7.94%.
The property comprises a freehold investment opportunity for sale.
The asking price is £315,000, representing a gross initial yield of 7.94%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
4,714 SF
Building Class
C
Year Built
1870
Price
$419,703
Price Per SF
$89.03
Cap Rate
7.94%
NOI
$33,324
Tenancy
Single
Building Height
3 Stories
Frontage
36’ on High St
AMENITIES
- Security System
- Signage
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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28 High St
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