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1 Main St

10,289 SF Specialty Building Offered at $852,199 CAD at a 2.46% Cap Rate in Kimberley NG16 2NA

Investment Highlights

  • Stunning period features throughout
  • Outside terrace area
  • Upper floors most recently used for residential accommodation
  • Kitchen and WC facilities
  • Ground floor has undergone good quality refurbishment by Gillotts
  • Opportunity for redevelopment / conversion (STP)

Executive Summary

The property comprises a former place of worship arranged over three floors which benefits from the following specification:
• Main entrance door
• Reception area
• Cat II lighting
• High floor to ceiling heights
• Kitchen and WC facilities
• Open plan and cellular floor plate arrangements
• Garage with additional storage space
• Outside patio area on the first floor
• Carpet and wooden flooring throughout
• Security alarm system and car parking surrounding the premises
The ground floor of the premises is let to Gillots at an annual rent of £12,600 per annum which expires on 8 July 2026. The rent is paid on the first day of each calendar month.

Property Facts Sale Pending

Price $852,199 CAD
Price Per SF $83 CAD
Sale Type Investment
Cap Rate 2.46%
Tenure Freehold
Property Type Specialty
Property Subtype Religious Facility
Lot Size 0.14 AC
Building Size 10,289 SF
No. Stories 3
Year Built 1890
Parking Ratio 0.39/1,000 SF

Amenities

  • Energy Performance Rating - E
  • Listing ID: 25816427

  • Date on Market: 2022-05-31

  • Last Updated:

  • Address: 1 Main St, Kimberley NG16 2NA

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