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47 Market St 376 sq ft Retail Property Cleethorpes DN35 8LY £300,000 (£797.87/sq ft) 8.81% Net Initial Yield
Executive Summary
Jackson, Green and Preston are delighted to offer to the market this mixed-used property, which would be a great addition to any investors portfolio. The property comprises a ground-floor commercial element, which is currently occupied by the well established Me2Raj restaurant, with an additional two flats above. The ground-floor is currently achieving £1,300 Per Calendar Month, and should the investment be fully tenanted, we anticipate the property to achieve around £28,200 Per Annum, which would equate to a Gross Initial Yield of 8.81%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
376 sq ft
Year Built
1890
Price
£300,000
Price per sq ft
£797.87
Yield
8.81%
NOI
£26,430
Tenancy
Single
Number of Floors
1
Plot ratio
0.16
Total Plot Size
0.05 ac
Frontage
17 ft on Market Street
Amenities
- Storage Space
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Me2Raj
- -
- 376 sq ft
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Me2Raj | - | 376 sq ft | - | - |
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Nearby Major Retailers
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47 Market St
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