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7 South St 2,888 SF 100% Leased Retail Building Crook DL15 8NE $797,833 ($276.26/SF) 7.04% Cap Rate
Executive Summary
? 100% Prime pitch in busy market town.
? Let to Strong covenants of DP Realty Limited (Dominos) & Cash Access UK Ltd (Banking Hub).
? Recently refurbished and new lettings at a combined rent of £44,000pa.
? Crook is an Historic and attractive County Durham market town.
We are instructed to seek offers in excess of £595,000 which reflects a net initial yield of 7.04% after purchaser’s costs of 5.04%.
? Let to Strong covenants of DP Realty Limited (Dominos) & Cash Access UK Ltd (Banking Hub).
? Recently refurbished and new lettings at a combined rent of £44,000pa.
? Crook is an Historic and attractive County Durham market town.
We are instructed to seek offers in excess of £595,000 which reflects a net initial yield of 7.04% after purchaser’s costs of 5.04%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,888 SF
Building Class
B
Year Built/Renovated
1968/2008
Price
$797,833
Price Per SF
$276.26
Cap Rate
7.04%
NOI
$56,167
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Amenities
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Retail accommodation arranged over ground floor with loading and parking provisions to the rear.
| Space | Size | Space Use | Position | Available |
| 2 | 1,040 SF | Retail | - | 30 Days |
2
| Size |
| 1,040 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
2
| Size | 1,040 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Retail accommodation arranged over ground floor with loading and parking provisions to the rear.
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7 South St
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