18-20 Cornard Rd 3,077 SF Specialty Building Offered at $1,201,449 CAD at a 9% Cap Rate in Sudbury CO10 2XA
INVESTMENT HIGHLIGHTS
- The building is located towards the rear of the site and there is onsite car parking at the front and to the side of the building
- Cornard Road is one of the principal arterial routes linking the town centre with Great Cornard.
- The property provides clear, flexible accommodation currently used for education purposes
- The property is prominently located close to the town centre, adjacent to Co-op Funerals and near to Sainsburys, Waitrose, Roys and Ernest Doe.
EXECUTIVE SUMMARY
PROPOSAL
Offers are invited in excess of £650,000 + VAT (Six Hundred and Fifty Thousand Pounds) for the freehold of the property, subject to the lease.
A purchase price at this figure will equate to an initial yield of approximately 9%, net of buyer’s costs
Offers are invited in excess of £650,000 + VAT (Six Hundred and Fifty Thousand Pounds) for the freehold of the property, subject to the lease.
A purchase price at this figure will equate to an initial yield of approximately 9%, net of buyer’s costs
PROPERTY FACTS Sale Pending
| Price | $1,201,449 CAD |
| Price Per SF | $390.46 CAD |
| Sale Type | Investment |
| Cap Rate | 9% |
| Tenure | Freehold |
| Property Type | Specialty |
| Property Subtype | Schools |
| Lot Size | 0.25 AC |
| Building Size | 3,077 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 2.92/1,000 SF |
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