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75-77 Riley Sq 21,316 SF Retail Building Coventry CV2 1LY $470,435 ($22.07/SF) 4.27% Cap Rate
Investment Highlights
- Anchor occupier within Riley Square
- Close to local amenities
- Free parking
Executive Summary
A long leasehold interest is offered at a figure of £350,000 exclusive which will show a net initial yield of 4.27% allowing 5.8% for costs, and a reversionary yield upon review (based on £24,000 per annum) of 6.61%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
21,316 SF
Year Built
1960
Price
$470,435
Price Per SF
$22.07
Cap Rate
4.27%
NOI
$20,088
Tenancy
Single
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.49 AC
Frontage
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 2
Videos
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Photos
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Street
Map
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Presented by
75-77 Riley Sq
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