9-9A Cornhill 2,417 SF Retail Building Dorchester DT1 1BA $1,389,675 CAD ($574.96 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Open sales area with wood laminate flooring
- Attractive frontage
- A new commercial tenant with a lease starting from 2024
EXECUTIVE SUMMARY
Opportunity to purchase this 3 story period property constructed of cut stone with pitched roof in the center of Dorchester in the prime South Street shopping location. The property is fully Let to the well known high street brand Sea Salt on a 10 year lease starting in 2024.
Current annual rental of £65,000 producing a potential yield of over 8.5%
Current annual rental of £65,000 producing a potential yield of over 8.5%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,417 SF
Building Class
B
Year Built
1890
Price
$1,389,675 CAD
Price Per SF
$574.96 CAD
Cap Rate
8.50%
NOI
$118,122 CAD
Tenancy
Single
Building Height
4 Stories
Frontage
14’ on Cornhill
AMENITIES
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
