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8 Little Sq 1,846 SF Retail Building Braintree CM7 1UT $632,886 ($342.84/SF) 7.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location in Braintree
- High Footfall Area
- Well Established Square
EXECUTIVE SUMMARY
The virtual freehold of property is available with the asking price £475,000 subject to the lease back.
Retail investment premises approximately 1,823 sq ft. Subject to a leaseback the property will generate an income of £35,000 per annum with a gross initial yield of 7.3%.
Retail investment premises approximately 1,823 sq ft. Subject to a leaseback the property will generate an income of £35,000 per annum with a gross initial yield of 7.3%.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
1,846 SF
Building Class
B
Year Built
1986
Price
$632,886
Price Per SF
$342.84
Cap Rate
7.30%
NOI
$46,201
Tenancy
Single
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.21 AC
Frontage
42’ on Little Square
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NEARBY MAJOR RETAILERS
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8 Little Sq
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