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6-12 New St 3,156 SF 100% Leased Retail Building Louth LN11 9PU $579,590 ($183.65/SF) 8.19% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi let mixed use investment
- Well maintained building
- Town Centre Location
EXECUTIVE SUMMARY
An excellent opportunity to acquire this excellent quality mixed use town centre investment property. The property is fully let and comprises 4 shops and 2 flats within the same block. The property always re lets well and is in a prominent position between the main market and Cornmarket.
The property is fully let and is being offered for sale subject to the existing leases. Copies of the leases and AST's will be made available to seriously interested parties. The property has a gross rent income of £35,640 pax.
The property is fully let and is being offered for sale subject to the existing leases. Copies of the leases and AST's will be made available to seriously interested parties. The property has a gross rent income of £35,640 pax.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,156 SF
Building Class
B
Year Built
1860
Price
$579,590
Price Per SF
$183.65
Cap Rate
8.19%
NOI
$47,486
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Storage Space
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NEARBY MAJOR RETAILERS
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6-12 New St
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