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70 North St 2,279 SF Retail Building Chichester PO19 1NB $1,628,317 ($714.49/SF) 8.50% Cap Rate
EXECUTIVE SUMMARY
Offers are sought in excess of £1,220,000 (One Million Two Hundred and Twenty Thousand Pounds), subject to contract and exclusive of VAT. Allowing for purchaser’s costs of 5.94%, a purchase at this level would reflect a Highly Attractive Net Initial Yield of 8.50%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,279 SF
Building Class
C
Year Built
1905
Price
$1,628,317
Price Per SF
$714.49
Cap Rate
8.50%
NOI
$138,407
Tenancy
Single
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.16 AC
Frontage
19’ on North Street
1 1
NEARBY MAJOR RETAILERS
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70 North St
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