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34-40 Market St 3,779 SF 100% Leased Retail Building Wymondham NR18 0BB $772,559 ($204.43/SF) 9.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Self-contained parade of four retail units
- Good road links via the A11 provide easy access to both Norwich and The Norfolk Broads,
- Wymondham is a pretty and historic market town located 9 miles southwest of Norwich in the heart of East Anglia.
EXECUTIVE SUMMARY
Tenancy Schedule
A tenancy schedule is attached with more detailed information regarding rent, tenants and lease terms.
Proposal
The freehold property is offered for sale subject to and with the benefit of the leases at a price of £575,000.
A sale at this figure will reflect a Net Initial Yield of approximately 9.75% after allowing for purchaser’s costs. The yield will rise to approximately 10% when the fixed rent increases cut in in March 2026.
A tenancy schedule is attached with more detailed information regarding rent, tenants and lease terms.
Proposal
The freehold property is offered for sale subject to and with the benefit of the leases at a price of £575,000.
A sale at this figure will reflect a Net Initial Yield of approximately 9.75% after allowing for purchaser’s costs. The yield will rise to approximately 10% when the fixed rent increases cut in in March 2026.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,779 SF
Building Class
C
Year Built
1970
Price
$772,559
Price Per SF
$204.43
Cap Rate
9.75%
NOI
$75,324
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.20 AC
Frontage
64’ on Market Street
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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34-40 Market St
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