Port Way
Preston PR2 2YQ
Retail Property For Sale


EXECUTIVE SUMMARY
Offers in excess of £1,576,000 (ONE MILLION FIVE HUNDRED AND SEVENTY-SIX THOUSAND POUNDS) subject to contract and exclusive of VAT.
A purchase at this level will reflect a net initial yield of 6% and a minimum reversionary yield of 6.5% in 2029 after allowance for purchaser’s costs of 6.13%
A purchase at this level will reflect a net initial yield of 6% and a minimum reversionary yield of 6.5% in 2029 after allowance for purchaser’s costs of 6.13%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
3,379 SF
Building Class
C
Year Built
2008
Price
$2,114,046
Price Per SF
$625.64
Cap Rate
6%
NOI
$126,843
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.58 AC
Parking
22 Spaces (6.51 Spaces per 1,000 SF Leased)
Frontage
40’ on Portway
AMENITIES
- 24 Hour Access
- Bus Line
- Restaurant
- Signage
- Energy Performance Rating - B
- Storage Space