Royal Oak | 23 Town Ln
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Royal Oak 23 Town Ln
3,500 SF 100% Leased Retail Building Neston CH64 4DE $1,539,842 CAD ($440 CAD/SF) 8.28% Cap Rate
Investment Highlights
- Car Parking
- Prominent corner location
- Beer cellar and storage.
Executive Summary
We are instructed to invite offers in excess of £850,000 (8.28% NIY)
The entire property is let to two private individuals on a 20 year lease from 6 April 2017 at a current rent of £74,319 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £17,915.72 is held by the landlord.
The entire property is let to two private individuals on a 20 year lease from 6 April 2017 at a current rent of £74,319 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £17,915.72 is held by the landlord.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
3,500 SF
Building Class
C
Year Built
1879
Price
$1,539,842 CAD
Price Per SF
$440 CAD
Cap Rate
8.28%
NOI
$127,499 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.13
Lot Size
0.61 AC
Frontage
52 ft on Town Lane
Amenities
- 24 Hour Access
1 of 1
Nearby Major Retailers
1 of 2
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Royal Oak | 23 Town Ln
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