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40-42 Scotch St 4,245 SF Retail Building Carlisle CA3 8QX $904,973 ($213.19/SF) 7.78% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Retail position in Carlisle City Centre
- Corporate store not a franchise operation, low risk credit rating
- Let to CEX Ltd on 10 yr lease (wef 22/01/15) on FRI terms
EXECUTIVE SUMMARY
The property comprises a Grade II listed end terrace, three/four storey building under pitched slate covered roofs, incorporating attic accommodation with a gable and corner window. The ground floor incorporates a glazed retail frontage with centralised pedestrian door to the sales area covering the majority of the ground floor with a rear lobby goods entrance and WC to the rear. The upper floors provide storage and staff accommodation including further WC’s.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
4,245 SF
Building Class
C
Year Built
1889
Price
$904,973
Price Per SF
$213.19
Cap Rate
7.78%
NOI
$70,407
Tenancy
Single
Building Height
4 Stories
Building FAR
0.30
Lot Size
0.33 AC
AMENITIES
- Corner Lot
- Security System
- Storage Space
- Smoke Detector
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NEARBY MAJOR RETAILERS
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MATTERPORT 3D EXTERIOR
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40-42 Scotch St
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