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47 Market St 376 SF Retail Building Cleethorpes DN35 8LY $400,705 ($1,065.71/SF) 8.81% Cap Rate
Executive Summary
Jackson, Green and Preston are delighted to offer to the market this mixed-used property, which would be a great addition to any investors portfolio. The property comprises a ground-floor commercial element, which is currently occupied by the well established Me2Raj restaurant, with an additional two flats above. The ground-floor is currently achieving £1,300 Per Calendar Month, and should the investment be fully tenanted, we anticipate the property to achieve around £28,200 Per Annum, which would equate to a Gross Initial Yield of 8.81%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
376 SF
Year Built
1890
Price
$400,705
Price Per SF
$1,065.71
Cap Rate
8.81%
NOI
$35,302
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.05 AC
Frontage
17’ on Market Street
Amenities
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Me2Raj
- -
- 376 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Me2Raj | - | 376 SF | - | - |
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Nearby Major Retailers
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47 Market St
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