17 Carr Ln
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17 Carr Ln
1,326 SF 100% Leased Retail Building Huddersfield HD7 5AN $508,015 CAD ($383 CAD/SF) 7.53% Cap Rate
Investment Highlights
- Rental Income £21,480 per annum (7.53% Yield)
- Positioned within a popular village centre
- Ground floor retail premises with 2 residential units above
- EPC Asset Ratings - Commercial D; Residential E
Executive Summary
The property comprises a three storey stone built inner terrace which provides a ground floor retail unit and 2 independently occupied residential units above. The property is fully occupied and is held as an income producing investment in a popular village location. The passing rent is £21,480 per annum, with a prospect of some rental growth across the property. The residential units are occupied under assured shorthold tenancies and generate £11,880 per annum. The ground floor retail unit provides good quality retail accommodation in an area which has good demand for this type of property. The availability of the property provides an excellent opportunity to acquire freehold mixed commercial and residential investment premises in a popular area providing a good initial return with a prospect of some rental growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,326 SF
Year Built
1960
Price
$508,015 CAD
Price Per SF
$383 CAD
Cap Rate
7.53%
NOI
$38,254 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.91
Land Acres
0.02 AC
Frontage
16 ft on Carr Lane
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17 Carr Ln
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