180 High St 4,550 SF Retail Building Eston TS6 9JA $367,463 CAD ($80.76 CAD/SF) 14.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- Open Plan
- Natural Light
EXECUTIVE SUMMARY
The property comprises of a ground floor pub, which is fully fitted and furnished, along with a basement. The first floor comprises of 2 residential properties, one with two bedrooms and the other with three bedrooms. Both apartments are fitted with a kitchen and bathroom and include an outdoor terrace which is unusual for the area, making this a fantastic addition.
Both apartments are tenanted and returning £175 per week per apartment with bills inclusive.
Current rent is £18,200 with a potential £30,200 per annum when fully occupied.
With this is mind, the yield return is 9.7%.
Both apartments are tenanted and returning £175 per week per apartment with bills inclusive.
Current rent is £18,200 with a potential £30,200 per annum when fully occupied.
With this is mind, the yield return is 9.7%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
4,550 SF
Year Built
1901
Price
$367,463 CAD
Price Per SF
$80.76 CAD
Cap Rate
14.55%
NOI
$53,470 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.75
Lot Size
0.06 AC
1 of 1
NEARBY MAJOR RETAILERS
