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84 Station Rd

1,186 SF Retail Building Yate BS37 4PH $815,211 CAD ($687 CAD/SF) 7.41% Cap Rate

Investment Highlights

  • Prime Retail Location
  • Close to City Centre
  • Great Transport Links

Executive Summary

A fantastic freehold fully let investment opportunity located on Station Road, Yate. The property comprises a ground floor shop/office (let to Andrews estate agents) with 3 studio flats above. Planning consent was previously granted for the erection of 2 x 1 bedroom flats to the rear of the property although this has since lapsed.
The ground floor office is let on a new 10 year lease at £15,000 per annum and the 3 studio flats are let on Assured Shorthold Tenancy Agreements.
The property is therefore fully let producing a total annual rent of £33,360.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,186 SF
Year Built
1940
Price
$815,211 CAD
Price Per SF
$687 CAD
Cap Rate
7.41%
NOI
$60,434 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.11 AC
Frontage
21 ft on Station Road

Amenities

  • Bus Line

Nearby Major Retailers

Morrisons
Farmhouse
Coffee #1
Lounges
Iceland
Lidl
Anytime Fitness
Lloyds Bank
Costa Coffee
Tesco Extra
  • Listing ID: 31255691

  • Date on Market: 2024-03-19

  • Last Updated:

  • Address: 84 Station Rd, Yate BS37 4PH

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