228 Spring Bank 3,822 SF 100% Leased Office Building Hull HU3 1LU $738,706 CAD ($193.28 CAD/SF) 7.50% Cap Rate
EXECUTIVE SUMMARY
The property forms part of an end-terraced two-storey converted former office into 6 self-contained apartments that consist of 3 x 2 bed and 3 x 1 bed all of which benefit form their own car-parking space within the secured parking lot to the rear of the property.
Each flat has been refurbished to a good standard with gas central heating as well as modern kitchen facilities.
Each flat has been refurbished to a good standard with gas central heating as well as modern kitchen facilities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
3,822 SF
Building Class
B
Year Built
1870
Price
$738,706 CAD
Price Per SF
$193.28 CAD
Cap Rate
7.50%
NOI
$55,403 CAD
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
1,274 SF
Building FAR
0.43
Lot Size
0.20 AC
Parking
11 Spaces (2.88 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Energy Performance Rating - C
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