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10-26 Market Sq 12,286 sq ft 100% Let Retail Property South Woodham Ferrers CM3 5XA £1,000,000 (£81.39/sq ft) 11.90% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Retail & Office Investment
  • Retirement Sale
  • Town Centre Location
  • Well Maintained Throughout
  • Fully Let Income Producing Investment

EXECUTIVE SUMMARY

The property was built circa 1991 of steel frame construction offering versatile accommodation and long-term income. The building is held on a long lease from SW Investments Limited (Formerly owned by the local borough) ta a ground rent of £29,750 (last review 2021). Guide price is £1,000,000.

ATTACHMENTS

Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Office
Property Size
12,286 sq ft
Costar Property Class
B
Year Built
1991
Price
£1,000,000
Price per sq ft
£81.39
Yield
11.90%
NOI
£119,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.55
Total Plot Size
0.51 ac

AMENITIES

  • Accent Lighting
  • Air Conditioning

NEARBY MAJOR RETAILERS

SPAR
Co-op
Costa Coffee
Barclays Bank
ASDA
Sainsbury's
  • Listing ID: 28248683

  • Date on Market: 17/04/2023

  • Last Updated:

  • Address: 10-26 Market Sq, South Woodham Ferrers CM3 5XA

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