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29 High St 4,234 SF 100% Leased Retail Building Stratford Upon Avon CV37 6AU $1,001,014 ($236.42/SF) 9.35% Cap Rate
INVESTMENT HIGHLIGHTS
- The property is an attractive Tudor-style building that has a timber framed façade with glazed frontages on the ground floor
- The property occupies a prominent position on the southern end of the main retailing pitch, High Street, in proximity to the entrance of Bell Court
- The property is configured as a ground floor retail unit with ancillary and storage accommodation on part of the first floor to the rear.
EXECUTIVE SUMMARY
Attractive three storey building with retail accommodation on the ground and part first floor and a service yard to the rear. Part first floor and the second floor are sold off on long leasehold The property is let to Robert Dyas Holdings Limited until March 2035 on a passing rent of £74,000 per annum. Robert Dyas have been in occupation for over 20years. We are instructed to seek offers in excess of £750,000 Net Initial Yield 8.50% Subject to contract and exclusive of VAT. Yields are net of purchaser’s costs of 5.53%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
4,234 SF
Building Class
B
Year Built
1906
Price
$1,001,014
Price Per SF
$236.42
Cap Rate
9.35%
NOI
$93,595
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
23’ on High Street
AMENITIES
- Bus Line
- Commuter Rail
- Storage Space
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NEARBY MAJOR RETAILERS
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29 High St
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