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30 Austhorpe Rd 1,838 SF Retail Building Leeds LS15 8DX $547,221 ($297.73/SF) 7.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Well located
- Frontage to Austhorpe Road, Crossgates
- Entrance to Crossgates Shopping Centre
EXECUTIVE SUMMARY
Offers are invited in excess of £410,000 reflecting a net initial yield of 7.5% after costs on the passing rent of £32,000.
Occupational lease of 10 years from December 2014 at a rent of £32,000 p.a to the strong covenant of Tamp ‘N’ Swirl Ltd trading as Costa Coffee.
Occupational lease of 10 years from December 2014 at a rent of £32,000 p.a to the strong covenant of Tamp ‘N’ Swirl Ltd trading as Costa Coffee.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
1,838 SF
Building Class
B
Year Built
2000
Price
$547,221
Price Per SF
$297.73
Cap Rate
7.80%
NOI
$42,710
Tenancy
Single
Building Height
2 Stories
Building FAR
1.41
Lot Size
0.03 AC
Frontage
20’ on Austhorpe Road
AMENITIES
- Energy Performance Rating - C
- Storage Space
1 1
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30 Austhorpe Rd
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