3-7 High St
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3-7 High St
962 SF 100% Leased Retail Building Holt NR25 7NA $933,478 CAD ($970 CAD/SF) 4.96% Cap Rate
Investment Highlights
- High Street location
- Located along River Glaven
- Neighboured by restaurants, BnBs, and convenience stores
Executive Summary
The ground floor of the building is in commercial use and is currently let as the popular and well known restaurant called The Moorings. The restaurant accommodation comprises an open plan seating area, bar and W.C’s together with a kitchen.
Above the restaurant there are three residential flats which are let on long 99 year leases. There are two flats located on the first floor. 5 High Street is a one bedroom unit and 5A is a two bedroom unit. 7 High Street is located on the second floor and is a larger four bed unit.
Above the restaurant there are three residential flats which are let on long 99 year leases. There are two flats located on the first floor. 5 High Street is a one bedroom unit and 5A is a two bedroom unit. 7 High Street is located on the second floor and is a larger four bed unit.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
962 SF
Building Class
B
Year Built
1980
Price
$933,478 CAD
Price Per SF
$970 CAD
Cap Rate
4.96%
NOI
$46,318 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Land Acres
0.03 AC
Frontage
54 ft on High Street
Amenities
- Restaurant
- Signage
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3-7 High St
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