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50 Fore St

4,654 SF Retail Building Tiverton EX16 6LD $859,519 CAD ($185 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.

Attachments

50 Fore Street

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
$859,519 CAD
Price Per SF
$185 CAD
Cap Rate
8%
NOI
$68,762 CAD
Tenancy
Single
Building Height
3 Stories
Parking
12 Spaces (2.58 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Nearby Major Retailers

National Westminster Bank Plc
Coffee #1
Barclays
Lloyds Bank
Costa Coffee
Morrisons
Curves
Snap Fitness
Crossfit
Tesco Superstore
  • Listing ID: 34233209

  • Date on Market: 2024-12-18

  • Last Updated:

  • Address: 50 Fore St, Tiverton EX16 6LD

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