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13 Church St 956 sq ft 100% Let Retail Property Maesteg CF34 9AA £114,995 (£120.29/sq ft) 9.39% Net Initial Yield
Investment Highlights
- Located in the town centre of Maesteg
- End link cottage style two-storey property briefly comprising of ground floor Hairdressers with separate pedestrian access to a 2 bedroom flat over
- Approximately 9 miles north of Bridgend and 7 miles north of Junction 36 (Sarn Park Interchange) of the M4 Motorway
Executive Summary
The property is to be sold Freehold tenure subject to and with the benefit of the current occupational arrangements:-
Ground Floor
Let to a Hairdressers under terms of a 5 year IRI Only Lease from December 2023 at a rental of £4,800 per annum exclusive.
First Floor Flat
Currently let to a private individual under terms of Standard Occupational Contracts producing a rental of £500 per calendar month.
Current total rental income £10,800 per annum.
Ground Floor
Let to a Hairdressers under terms of a 5 year IRI Only Lease from December 2023 at a rental of £4,800 per annum exclusive.
First Floor Flat
Currently let to a private individual under terms of Standard Occupational Contracts producing a rental of £500 per calendar month.
Current total rental income £10,800 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
956 sq ft
Year Built
1800
Price
£114,995
Price per sq ft
£120.29
Yield
9.39%
NOI
£10,800
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.61
Total Plot Size
0.04 ac
1 1
Nearby Major Retailers
1 of 3
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13 Church St
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