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84-88 North St 954 SF Retail Building Leighton Buzzard LU7 1ES $500,507 ($524.64/SF) 5.47% Cap Rate
INVESTMENT HIGHLIGHTS
- Private access to accommodation over. Flat with two bedrooms, lr, k and b/wc, plus reception area at ground floor.
- Waitrose, Morrisons, Tesco, Aldi and all amenities within walking distance. A505/A4146 1.5 miles, A5 3.7 miles, M1 J11a 8.6 miles.
- Ground floor accommodation incorporates betting shop, disabled access wc, additional wc plus staff kitchen and bathroom.
EXECUTIVE SUMMARY
Fully repairing and insuring lease for 10 year term from 2023 at passing rent £20,500 due for review in June 2028.
The lease includes the entirety of the premises incorporating the ground floor retail plus the two bed accommodation over.
The lease includes the entirety of the premises incorporating the ground floor retail plus the two bed accommodation over.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
954 SF
Year Built
1970
Price
$500,507
Price Per SF
$524.64
Cap Rate
5.47%
NOI
$27,361
Tenancy
Single
Building Height
1 Story
Building FAR
0.72
Lot Size
0.03 AC
Frontage
35’ on North Street
1 1
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84-88 North St
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