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3-7 High St 962 SF 100% Leased Retail Building Blakeney NR25 7NA $700,710 ($728.39/SF) 4.96% Cap Rate
INVESTMENT HIGHLIGHTS
- High Street location
- Located along River Glaven
- Neighboured by restaurants, BnBs, and convenience stores
EXECUTIVE SUMMARY
The ground floor of the building is in commercial use and is currently let as the popular and well known restaurant called The Moorings. The restaurant accommodation comprises an open plan seating area, bar and W.C’s together with a kitchen.
Above the restaurant there are three residential flats which are let on long 99 year leases. There are two flats located on the first floor. 5 High Street is a one bedroom unit and 5A is a two bedroom unit. 7 High Street is located on the second floor and is a larger four bed unit.
Above the restaurant there are three residential flats which are let on long 99 year leases. There are two flats located on the first floor. 5 High Street is a one bedroom unit and 5A is a two bedroom unit. 7 High Street is located on the second floor and is a larger four bed unit.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
962 SF
Building Class
B
Year Built
1980
Price
$700,710
Price Per SF
$728.39
Cap Rate
4.96%
NOI
$34,769
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.03 AC
Frontage
54’ on High Street
AMENITIES
- Restaurant
- Signage
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3-7 High St
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