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4 The Pavement 2,828 SF Retail Building St Ives PE27 5AD $919,350 ($325.09/SF) 6.56% Cap Rate
INVESTMENT HIGHLIGHTS
- The property occupies a prominent trading location on the Market Square
- Property let to Elmwood Healthcare Limited
- St Ives is a prosperous and historic Cambridgeshire market town
EXECUTIVE SUMMARY
Prominent retail investment with development potential in affluent market town.
Summary:
- Affluent Cambridgeshire market town
- Grade II Listed property with ground floor retail and a spacious two bedroom maisonette on the upper floors.
- 100% prime pitch
- Over 13.5 years unexpired
- Extensive site offering future redevelopment options, subject to achieving the necessary consents.
- Break up potential
Summary:
- Affluent Cambridgeshire market town
- Grade II Listed property with ground floor retail and a spacious two bedroom maisonette on the upper floors.
- 100% prime pitch
- Over 13.5 years unexpired
- Extensive site offering future redevelopment options, subject to achieving the necessary consents.
- Break up potential
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,828 SF
Year Built
1823
Price
$919,350
Price Per SF
$325.09
Cap Rate
6.56%
NOI
$60,291
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.18 AC
Parking
8 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
24’ on The Pavement
1 1
NEARBY MAJOR RETAILERS
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4 The Pavement
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