73 St. Dunstans St 870 SF 100% Leased Retail Building Canterbury CT2 8BN $413,499 CAD ($475.29 CAD/SF) 6.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Good road connections
- Amenities nearby
- Next to Great Stour River
EXECUTIVE SUMMARY
The freehold interest in the property is offered for sale subject to the existing tenancy described above. We are instructed to seek offers in the region of £225,000 subject to contract and exclusive of VAT (if applicable).
A purchase at this level will provide a purchaser with a potential Net Initial Yield of around 6.75% and a price equivalent to less than £260 per square foot overall.
A purchase at this level will provide a purchaser with a potential Net Initial Yield of around 6.75% and a price equivalent to less than £260 per square foot overall.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
870 SF
Year Built
1950
Price
$413,499 CAD
Price Per SF
$475.29 CAD
Cap Rate
6.56%
NOI
$27,107 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.02 AC
Frontage
12’ on Saint Dunstans Street
1 of 1
NEARBY MAJOR RETAILERS
