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Corner House Ringwood Rd 3,454 SF 100% Leased Retail Building Christchurch BH23 8AA $839,407 ($243.02/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent road connections via the nearby A35 and A31
- Asset Management Potential
- Prominent Corner Plot & Affluent Catchment
EXECUTIVE SUMMARY
Offers considered in the region of £630,000 subject to contract for the freehold interest subject to subsisting tenancies. A purchase at this level will show an attractive net initial yield of 8% after allowance for buyer’s costs at 5.133%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,454 SF
Building Class
B
Year Built
1929
Price
$839,407
Price Per SF
$243.02
Cap Rate
8%
NOI
$67,153
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.19 AC
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Corner House | Ringwood Rd
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