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48-49 High St 8,454 SF Retail Building Exeter EX4 3DJ $1,785,405 ($211.19/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Prime city centre retail investment opportunity. Seeking offers in excess of £1.34M (One Million Three Hundred and Forty Thousand Pounds) for the freehold interest in the property. A purchase at this level reflects a net initial yield of 7%, after allowance for unadjusted purchaser’s costs of 6.8%.
The basement, ground and first floors are let to Washington Green Retail Limited T/A Castle Fine Art. Current passing rent is £100,000 per annum.
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The basement, ground and first floors are let to Washington Green Retail Limited T/A Castle Fine Art. Current passing rent is £100,000 per annum.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
8,454 SF
Year Built
1923
Price
$1,785,405
Price Per SF
$211.19
Cap Rate
7%
NOI
$124,978
Tenancy
Single
Building Height
5 Stories
Building FAR
3.88
Lot Size
0.05 AC
Frontage
30’ on High St
AMENITIES
- Energy Performance Rating - B
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NEARBY MAJOR RETAILERS
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48-49 High St
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