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93 High St 14,373 SF 100% Leased Retail Building Longstanton CB24 3BT $4,415,897 ($307.24/SF) 7.28% Cap Rate
INVESTMENT HIGHLIGHTS
- Dominant core shopping location
- Mixed use supermarket anchored retail parade & 6 upper floor flats let on ASTs
- Longstanton is an important satellite growth area for Cambridge
EXECUTIVE SUMMARY
The property is of modern frame construction with brick elevations under tiled roofs.
The commercial space comprises a large convenience store and four lock up shops with a large forecourt area providing off road shopper parking for around 10 cars.
The residential element comprises six large well configured first floor flats with self-contained access to the rear. Each flat has one rear car parking space and there are 3 visitor bays.
The commercial space comprises a large convenience store and four lock up shops with a large forecourt area providing off road shopper parking for around 10 cars.
The residential element comprises six large well configured first floor flats with self-contained access to the rear. Each flat has one rear car parking space and there are 3 visitor bays.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
14,373 SF
Year Built
2014
Price
$4,415,897
Price Per SF
$307.24
Cap Rate
7.28%
NOI
$321,477
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.45 AC
Frontage
181’ on High Street
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93 High St
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