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71-77 Abington St 51,678 SF 100% Leased Retail Building Northampton NN1 2BH $2,952,822 ($57.14/SF) 13.54% Cap Rate
Investment Highlights
- Freehold retail parade comprising 12 units
- Residential redevelopment potential
- Total current rent reserve of £297,913.04 PA
Executive Summary
This freehold retail parade offers a compelling investment opportunity in the heart of Northampton’s town center. Comprising 12 retail units with upper parts, the property spans approximately 38,376 sq ft and benefits from a strong tenant mix generating a total current rent reserve of £297,913.04 per annum. The asset is being offered at a guide price of £2,200,000–£2,300,000, reflecting an attractive gross initial yield of approximately 13.54%
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
51,678 SF
Building Class
B
Year Built
1989
Price
$2,952,822
Price Per SF
$57.14
Cap Rate
13.54%
NOI
$399,856
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
1.11
Lot Size
1.07 AC
Frontage
225’ on Abington Street
Amenities
- Energy Performance Rating - D
- Storage Space
Nearby Major Retailers
1 of 12
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71-77 Abington St
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