52 South St
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52 South St
5,131 SF 100% Leased Retail Building Chichester PO19 1DS $1,802,464 CAD ($351 CAD/SF) 8.61% Cap Rate
Executive Summary
Prime Freehold Retail and Office Investment with Development Prospects. Guiding £1,000,000.
The entire property is let to Hays Property Services Ltd on a 15-year full repairing and insuring lease from 29th September 2011 (approximately 2 year unexpired) at a current rent of £91,000 per annum without further review. Net initial yield of approximately 8.61%
assuming normal purchaser’s costs.
The entire property is let to Hays Property Services Ltd on a 15-year full repairing and insuring lease from 29th September 2011 (approximately 2 year unexpired) at a current rent of £91,000 per annum without further review. Net initial yield of approximately 8.61%
assuming normal purchaser’s costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
5,131 SF
Building Class
C
Year Built
1901
Price
$1,802,464 CAD
Price Per SF
$351 CAD
Cap Rate
8.61%
NOI
$155,192 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Parking
2 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
18 ft on South St
Amenities
- Bus Line
- Storage Space
- Air Conditioning
- Smoke Detector
1 of 1
Nearby Major Retailers
1 of 4
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52 South St
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