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73 Medomsley Rd 1,672 SF Retail Building Consett DH8 5HJ $286,464 ($171.33/SF) 9.20% Cap Rate
EXECUTIVE SUMMARY
Property:
73 Medomsley Road - A former carpet shop extending to 1,000 sq.ft. (93 sq.m.) including storage. Currently rented from 1st June 2023 for 5 years on IRI terms.
73a Medomsley Road - A spacious first floor 3 bed flat currently rented at £450 per month. The flat would be available with vacant possession if required.
73 Medomsley Road - A former carpet shop extending to 1,000 sq.ft. (93 sq.m.) including storage. Currently rented from 1st June 2023 for 5 years on IRI terms.
73a Medomsley Road - A spacious first floor 3 bed flat currently rented at £450 per month. The flat would be available with vacant possession if required.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,672 SF
Building Class
C
Year Built
1910
Price
$286,464
Price Per SF
$171.33
Cap Rate
9.20%
NOI
$26,355
Tenancy
Single
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.20 AC
Frontage
27’ on Medomsley Road
AMENITIES
- Bus Line
- Corner Lot
- Automatic Blinds
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73 Medomsley Rd
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