31 Bedford St
1,050 SF Retail Building Norwich NR2 1AG $435,343 CAD ($414.61 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- The property provides accommodation on ground and first floors with good basement storage which although below the ground floor is accessed externally
- Great transport link
- The property is located on the corner of Bedford Street/St Andrews Hill at the junction with London Street which links Norwich Cathedral
EXECUTIVE SUMMARY
PROPOSAL
Offers are invited in the region of £235,000 (Two Hundred and Thirty Five Thousand Pounds) for the freehold of the property. A purchase at this level will reflect a net initial yield of approximately 8.5% after buyer’s costs.
Offers are invited in the region of £235,000 (Two Hundred and Thirty Five Thousand Pounds) for the freehold of the property. A purchase at this level will reflect a net initial yield of approximately 8.5% after buyer’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,050 SF
Building Class
B
Year Built
1956
Price
$435,343 CAD
Price Per SF
$414.61 CAD
Cap Rate
8.50%
NOI
$37,004 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.75
Lot Size
0.01 AC
Frontage
AMENITIES
- Security System
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
