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Radcliffe Rd 3,457 SF Retail Building Holme Pierrepont NG12 2LF $2,542,257 ($735.39/SF) 5.75% Cap Rate
Executive Summary
Brand New Drive-Thru Investment With 25 years Unexpired And CPI Linked Reviews.
Offers in excess of £1,856,000 subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 5.75% after allowance for purchaser’s costs of 6.8%.
Offers in excess of £1,856,000 subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 5.75% after allowance for purchaser’s costs of 6.8%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Building Size
3,457 SF
Building Class
B
Year Built
1956
Price
$2,542,257
Price Per SF
$735.39
Cap Rate
5.75%
NOI
$146,180
Tenancy
Single
Building Height
2 Stories
Parking
28 Spaces (8.1 Spaces per 1,000 SF Leased)
Frontage
117’ on Radcliffe Road
Amenities
- Security System
- Skylights
- Automatic Blinds
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Radcliffe Rd
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