Kiosk Castle Sq
325 SF Retail Building Sheffield S1 2GF $222,303 CAD ($684.01 CAD/SF) 10.42% Cap Rate
INVESTMENT HIGHLIGHTS
- City Centre Retail Kiosk
- Single storey property
- Rear ancillary storage
EXECUTIVE SUMMARY
The property is let on a 10 year lease from 8th May 2015 on fully repairing and insuring terms. Following the review in 2020 the current passing rent is £12,500 per annum plus VAT.
A new reversionary lease has been agreed from 8th May 2025 at £13,000 pax
A new reversionary lease has been agreed from 8th May 2025 at £13,000 pax
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
325 SF
Building Class
B
Year Built
1999
Price
$222,303 CAD
Price Per SF
$684.01 CAD
Cap Rate
10.42%
NOI
$23,157 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.42
Lot Size
0.02 AC
Frontage
102’ on High Street
AMENITIES
- Bus Line
1 of 1
NEARBY MAJOR RETAILERS
