8-10 St Andrews Hl
1,765 SF Retail Building Norwich NR2 1AD $370,505 CAD ($209.92 CAD/SF) 6.72% Cap Rate
INVESTMENT HIGHLIGHTS
- The property, which trades as Bishops Restaurant is located on St Andrews Hill in the heart of Norwich Lanes and links London Street/Bedford Street
- The property provides accommodation on ground, first and second floors
- Norwich benefits from excellent road communications providing direct access to the A11 which connects it with Cambridge to the southwest
EXECUTIVE SUMMARY
PROPOSAL
Offers are invited in the region of £200,000 (Two Hundred Thousand Pounds) for the freehold of the property. A purchase at this level will reflect a net initial yield of approximately 6.72% after buyer’s cost
Offers are invited in the region of £200,000 (Two Hundred Thousand Pounds) for the freehold of the property. A purchase at this level will reflect a net initial yield of approximately 6.72% after buyer’s cost
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
1,765 SF
Year Built
1820
Price
$370,505 CAD
Price Per SF
$209.92 CAD
Cap Rate
6.72%
NOI
$24,898 CAD
Tenancy
Single
Building Height
4 Stories
Frontage
43’ on St Andrews Hl
1 of 1
NEARBY MAJOR RETAILERS
