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42-44 King St 2,234 SF 100% Leased Retail Building Thetford IP24 2AP $1,064,043 ($476.30/SF) 7.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • A town centre investment property
  • Large window frontage
  • Ease of access

EXECUTIVE SUMMARY

The freehold of the property is available subject to the existing tenancies.
The premises comprise two retail units fronting King Street, one being a lock-up shop the other having first floor accommodation located at the rear. To the first floor there is a 3-bedroom flat with self-contained access from King Street.
The premises occupy a good location in the pedestrianised section of King Street on the edge of the prime retail core.

ATTACHMENTS

42-44 King

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,234 SF
Building Class
B
Year Built
1900
Price
$1,064,043
Price Per SF
$476.30
Cap Rate
7.75%
NOI
$82,447
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
47’ on King Street

AMENITIES

  • Bus Line
  • Commuter Rail
  • Storage Space

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • 7 DAYS SUPERMARKET LTD
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -

TUI Travel is made up of a portfolio of brands with diverse cultures and international colleagues. They have one vision and a set of values, together known as ‘TUI Spirit’, which unite them and support us in delivering their goals. Their Group vision is ‘Making travel experiences special’. It’s what they believe they are in business to do and it gives them a clear sense of purpose. Their values support their vision. They are more than words, they are embedded into how they do things at TUI Travel and are fundamental to the way in which they operate, helping them define the way they relate to their customers, shareholders, each other and the world at large.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
7 DAYS SUPERMARKET LTD - - - -
- - - -

NEARBY MAJOR RETAILERS

Iceland
Co-op
Snap Fitness 24/7
The Chase
Tesco Superstore
The Food Warehouse - Iceland
Lidl
  • Listing ID: 21309424

  • Date on Market: 10/23/2020

  • Last Updated:

  • Address: 42-44 King St, Thetford IP24 2AP

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