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7 Castle Meadow 27,192 SF 100% Leased Retail Building Norwich NR1 3BY $3,870,589 ($142.34/SF) 9.50% Cap Rate
EXECUTIVE SUMMARY
Offers are sought in excess of £2,900,000 (Two Million Nine Hundred Thousand Pounds), subject to contract and exclusive of VAT. Allowing for purchaser’s costs of 6.8%, a purchase at this level would reflect an attractive Net Initial Yield of 9.50%, and a low capital value of £190 per sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
27,192 SF
Building Class
B
Year Built
1976
Price
$3,870,589
Price Per SF
$142.34
Cap Rate
9.50%
NOI
$367,706
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Frontage
AMENITIES
- Energy Performance Rating - C
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NEARBY MAJOR RETAILERS
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7 Castle Meadow
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