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9 Winchester St 481 SF Retail Building Whitchurch RG28 7AH $462,808 ($962.18/SF) 6.53% Cap Rate
Investment Highlights
- Potential for development subject to the necessary consents
- Large rear yard 46.0 m2 [495 ft2]
- Ground Floor Shop / Office 44.9 m2 [483 ft2]
- Current income £22,200 pax
Executive Summary
Offers invited in the region of £340,000. VAT is not currently charged.
The ground floor shop/office is let on the residue of 15 year internal, door, fascia & window repairing and insuring lease from 01 January 2012 subject to 5 yearly non-downward rent reviews and at a current rent of £12,000 pax.
The first floor flat is let on an Assured Shorthold Tenancy at £850 per month.
The ground floor shop/office is let on the residue of 15 year internal, door, fascia & window repairing and insuring lease from 01 January 2012 subject to 5 yearly non-downward rent reviews and at a current rent of £12,000 pax.
The first floor flat is let on an Assured Shorthold Tenancy at £850 per month.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
481 SF
Building Class
C
Year Built
1903
Price
$462,808
Price Per SF
$962.18
Cap Rate
6.53%
NOI
$30,219
Tenancy
Single
Building Height
2 Stories
Frontage
28’ on Winchester Street
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9 Winchester St
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