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38-40 Southgate 2,610 SF Retail Building Sleaford NG34 7RY $483,312 ($185.18/SF) 7% Cap Rate
Investment Highlights
- Located in a busy Lincolnshire market town
- Good transport links
- Situated in a prime position opposite Boots and adjacent to Iceland
Executive Summary
The property comprises a 3-storey end of terrace building of brick elevations under a flat roof.The property is let to British Heart Foundation Limited on a new 10 year full
repairing and insuring lease from 17th January 2019 at a current rent of £28,000 per annum.
Offers in the region of £385,000
repairing and insuring lease from 17th January 2019 at a current rent of £28,000 per annum.
Offers in the region of £385,000
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,610 SF
Building Class
C
Year Built
1960
Price
$483,312
Price Per SF
$185.18
Cap Rate
7%
NOI
$33,832
Tenancy
Single
Building Height
3 Stories
1 1
Nearby Major Retailers
1 of 3
Videos
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Photos
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38-40 Southgate
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