24 Bishopric Ct | Horsham RH12 1QN
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24 Bishopric Ct
Horsham RH12 1QN
Retail Property For Sale
Investment Highlights
- Rail links to central London
- Shopping centre within walking distance
- Situated in popular market town
Executive Summary
Investment Consideration:
- Purchase Price: £750,000
- Gross Initial Yield: 7.33%
- Rental Income: £55,000 p.a.
- VAT is NOT applicable to this property
- Comprises ground floor restaurant & takeaway t/a KFC and residential flat above (sold-off)
- Let until 2044. No breaks. Rent reviews linked to RPI every 5 years (1% collar and 3% cap)
- Let to Caskade Caterers Ltd, who operates 55 KFC, 52 Taco Bell and 3 Pizza Hut franchises across UK
- Occupiers close by include JD Wetherspoon, John Lewis, The Gym Group and more.
- Purchase Price: £750,000
- Gross Initial Yield: 7.33%
- Rental Income: £55,000 p.a.
- VAT is NOT applicable to this property
- Comprises ground floor restaurant & takeaway t/a KFC and residential flat above (sold-off)
- Let until 2044. No breaks. Rent reviews linked to RPI every 5 years (1% collar and 3% cap)
- Let to Caskade Caterers Ltd, who operates 55 KFC, 52 Taco Bell and 3 Pizza Hut franchises across UK
- Occupiers close by include JD Wetherspoon, John Lewis, The Gym Group and more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,528 SF
Building Class
B
Year Built
1920
Price
$1,347,449 CAD
Price Per SF
$882 CAD
Cap Rate
7.33%
NOI
$98,813 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.06 AC
Frontage
30 ft on Bishopric
Amenities
- 24 Hour Access
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