50 Fore St 4,654 SF Retail Building Tiverton EX16 6LD $884,760 CAD ($190.11 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Good road links
- Close proximity to local amenities
- Good transport links
EXECUTIVE SUMMARY
Prime retail investment opportunity on Fore Street, let to The Edinburgh Woollen Mill on 10 year lease at a rent of £40,000 pax. Would be ideal for a SIPP Purchase. Offers are sought in the region of £477,500 which represents a net initial yield of 8% after allowing for purchasers costs of 4.6%.
The property has recently undergone refurbishment and is arranged over ground, first and second floors. The first floor is utilised as stock and staff accommodation. The second floor is currently disused and subject to a Schedule of Condition.
The property has recently undergone refurbishment and is arranged over ground, first and second floors. The first floor is utilised as stock and staff accommodation. The second floor is currently disused and subject to a Schedule of Condition.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
4,654 SF
Building Class
B
Year Built
1900
Price
$884,760 CAD
Price Per SF
$190.11 CAD
Cap Rate
8%
NOI
$70,781 CAD
Tenancy
Single
Building Height
3 Stories
Parking
12 Spaces (2.58 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 of 1
NEARBY MAJOR RETAILERS
