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34 Central Avenue 5,333 SF Retail Building Nuneaton CV11 5BB $493,334 ($92.51/SF) 6.85% Cap Rate
Investment Highlights
- Ground floor Showroom and Ancillary Space
- Car Parking available
- First floor Storage
Executive Summary
The entire property is let to Central Stoves, a local showroom and heating appliance retailer, at a rent of £25,000 per annum. The tenant is currently holding over under the terms of a previous lease. Notice has been served by the landlord offering a new lease to the tenant at a rent of £35,000 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
5,333 SF
Building Class
C
Year Built
1980
Price
$493,334
Price Per SF
$92.51
Cap Rate
6.85%
NOI
$33,790
Tenancy
Single
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.14 AC
Frontage
45’ on Central Avenue
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Nearby Major Retailers
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34 Central Avenue
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