36-42 High St 2,489 SF 100% Leased Retail Building Irthlingborough NN9 5TN $816,458 CAD ($328.03 CAD/SF) 6.67% Cap Rate

EXECUTIVE SUMMARY

Explore an exceptional investment opportunity in the heart of Irthlingborough, a charming Northamptonshire town renowned for its vibrant community and bustling residential areas. This commercial retail property, boasting a strong tenant covenant, offers a secure and lucrative investment proposition in a highly sought- after location. This property features a spacious ground floor retail unit, strategically positioned in a popular residential area of Irthlingborough. The retail space generates a robust annual rental income of £30,000, showcasing the stability and profitability of the investment. The property is occupied by a reputable tenant with a strong covenant, ensuring reliability and consistency in rental payments. Investors can benefit from the security of a long-term leasehold agreement, providing peace of mind and a steady income stream.

ATTACHMENTS

High Street

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
2,489 SF
Building Class
B
Year Built
1972
Price
$816,458 CAD
Price Per SF
$328.03 CAD
Cap Rate
6.67%
NOI
$54,431 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
72’ on High St

AMENITIES

  • Storage Space

NEARBY MAJOR RETAILERS

Favorite
Heron Foods
Co-op
  • Listing ID: 31889754

  • Date on Market: 2024-05-22

  • Last Updated:

  • Address: 36-42 High St, Irthlingborough NN9 5TN