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Oxfam, Market Place Market Place

1,027 SF 100% Leased Retail Building Knaresborough HG5 8AG $324,444 CAD ($316 CAD/SF) 9.25% Cap Rate

Investment Highlights

  • Attractive Retail Investment in affluent Market Town
  • Let to longstanding national tenant

Executive Summary

14 Market Place, Knaresborough HG5 8AG
- The Idyllic Market and Spa town of Knaresborough is one of North Yorkshire’s most affluent towns.
- Knaresborough Castle and infamous Mother Shipton ‘s Cave are a few of the tourist attractions that bring thousands of tourist to the town each year.
- The property occupies a strong position within the Market Place, the town’s prime retail and leisure pitch.
- Let to leading UK charity Oxfam, who have occupied the property since 1986.
- Passing rent £17,000 per annum.
- Comprising 1,027 sq ft of accommodation across ground and first floor.
- Freehold.
We have been instructed to seek offers in excess of £180,000 (One Hundred and Eighty Thousand Pounds). Reflecting a net initial yield of 9.25% and a low capital value of £175 per sq ft.

Property Facts Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,027 SF
Year Built
1922
Price
$324,444 CAD
Price Per SF
$316 CAD
Cap Rate
9.25%
NOI
$30,011 CAD
Percent Leased
100%
Building Height
2 Stories

Nearby Major Retailers

Caffe Nero
Barclays
NatWest
Yorkshire Bank
Sainsbury's
ASDA
Co-operative Food
Lidl
PureGym
  • Listing ID: 32579539

  • Date on Market: 2024-07-25

  • Last Updated:

  • Address: Market Place, Knaresborough HG5 8AG

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