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7 South St 2,888 sq ft 100% Let Retail Property Crook DL15 8NE £595,000 (£206.02/sq ft) 7.04% Net Initial Yield
Executive Summary
? 100% Prime pitch in busy market town.
? Let to Strong covenants of DP Realty Limited (Dominos) & Cash Access UK Ltd (Banking Hub).
? Recently refurbished and new lettings at a combined rent of £44,000pa.
? Crook is an Historic and attractive County Durham market town.
We are instructed to seek offers in excess of £595,000 which reflects a net initial yield of 7.04% after purchaser’s costs of 5.04%.
? Let to Strong covenants of DP Realty Limited (Dominos) & Cash Access UK Ltd (Banking Hub).
? Recently refurbished and new lettings at a combined rent of £44,000pa.
? Crook is an Historic and attractive County Durham market town.
We are instructed to seek offers in excess of £595,000 which reflects a net initial yield of 7.04% after purchaser’s costs of 5.04%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,888 sq ft
Costar Property Class
B
Year Built/Renovated
1968/2008
Price
£595,000
Price per sq ft
£206.02
Yield
7.04%
NOI
£41,888
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Amenities
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Retail accommodation arranged over ground floor with loading and parking provisions to the rear.
| Space | Size | Space Use | Position | Available |
| 2 | 1,040 sq ft | Retail | - | 30 Days |
2
| Size |
| 1,040 sq ft |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
2
| Size | 1,040 sq ft |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Retail accommodation arranged over ground floor with loading and parking provisions to the rear.
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7 South St
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