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61 Northgate 1,654 SF Retail Building Canterbury CT1 1BB $302,871 ($183.11/SF) 5.42% Cap Rate
Investment Highlights
- Freehold mixed-use investment in Canterbury city centre
- Ground floor convenience store secured on new 10-year FRI lease
- Passing income of £12,200 per annum
Executive Summary
Freehold mixed-use investment comprising a ground floor convenience store let on a new 10-year FRI lease producing £12,000 per annum, together with £200 per annum ground rent income from a long-leasehold second-floor flat. The vacant self-contained first-floor one-bedroom flat provides immediate asset management potential through refurbishment and reletting or resale, offering scope to enhance income and value. Guide Price: £225,000. VAT not applicable.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Convenience Store
Building Size
1,654 SF
Building Class
C
Year Built
1960
Price
$302,871
Price Per SF
$183.11
Cap Rate
5.42%
NOI
$16,422
Tenancy
Single
Building Height
3 Stories
Building FAR
1.27
Lot Size
0.03 AC
Amenities
- Security System
- Signage
- Roof Terrace
- Storage Space
- Air Conditioning
- Smoke Detector
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Nearby Major Retailers
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61 Northgate
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