Willis House | 3 Overstrand Rd
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Willis House 3 Overstrand Rd
1,791 SF 100% Leased Retail Building Cromer NR27 0AH $686,266 CAD ($383 CAD/SF) 7.59% Cap Rate
Investment Highlights
- Prominent corner position
- Neighboured by Cromer town centre amenities
- Highly visible to passing traffic
Executive Summary
The Freehold of the property consists of two commercial premises which are currently let and a one/two bedroom flat situated on the first floor which is let on and Assured Short Hold Tenancy (AST).
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,791 SF
Building Class
B
Year Built
1970
Price
$686,266 CAD
Price Per SF
$383 CAD
Cap Rate
7.59%
NOI
$52,121 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.58
Land Acres
0.07 AC
Frontage
86 ft on Church Street
Amenities
- Signage
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Willis House | 3 Overstrand Rd
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