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41 King St 3,500 SF 100% Leased Retail Building Penrith CA11 7AY $1,040,492 ($297.28/SF) 9.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Occupiers within the vicinity include a variety of national and local occupiers including NatWest, Greggs and Newcastle Building Society.
- The property is located within the town centre fronting King Street, close to the intersection of Devonshire street along from the main Market Sq.
- The town has a railway station serving the main West Coast Line between London and Scotland.
EXECUTIVE SUMMARY
*FREEHOLD INVESTMENT*
*AVERAGE RENTAL INCOME AROUND £70,000 PER ANNUM*
*TOWN CENTRE LOCATION*
*MIXED COMMERCIAL AND RESIDENTIAL*
*SALE PRICE: £775,000*
FOR A FULL DESCRIPTION CLICK ONTO OUR MARKETING PARTICULARS
*AVERAGE RENTAL INCOME AROUND £70,000 PER ANNUM*
*TOWN CENTRE LOCATION*
*MIXED COMMERCIAL AND RESIDENTIAL*
*SALE PRICE: £775,000*
FOR A FULL DESCRIPTION CLICK ONTO OUR MARKETING PARTICULARS
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,500 SF
Building Class
B
Year Built
1850
Price
$1,040,492
Price Per SF
$297.28
Cap Rate
9.03%
NOI
$93,980
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.42
Lot Size
0.06 AC
Frontage
32’ on King Street
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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41 King St
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