Iceland Preston St 6,989 SF Retail Building Whitehaven CA28 9DL $1,668,067 CAD ($238.67 CAD/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on edge of town centre next to Aldi & Home Bargains
- Good road links
- Shared site with Aldi and a total of 118 car spaces
EXECUTIVE SUMMARY
AP Investment are instructed to seek offers in excess of £920,000 (Nine Hundred & Twenty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this price would reflect a net initial yield of 9.5%, assuming costs of purchase of 5.7%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Supermarket
Building Size
6,989 SF
Year Built
1996
Price
$1,668,067 CAD
Price Per SF
$238.67 CAD
Cap Rate
9.50%
NOI
$158,466 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.80 AC
Parking
118 Spaces (16.88 Spaces per 1,000 SF Leased)
Frontage
66’ on Preston Street
AMENITIES
- Energy Performance Rating - B
- Automatic Blinds
1 of 1
NEARBY MAJOR RETAILERS
