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1-9 Bridge Street 2,448 sq ft 100% Let Retail Property Newark NG24 1EE £675,000 (£275.74/sq ft) 6.46% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold Property Investment
- Grade II* Listed Building
- 5 Let Retail Units
- Potential To Convert Upper Floors To 6 Flats
EXECUTIVE SUMMARY
A freehold investment property comprising five retail shops producing a gross income of £43,600 per annum, and upper floors with potential for residential conversion subject to planning consent. Pre-application Planning Advice on a scheme for six flats has been obtained and proposed unit drawings prepared by David Dakin Architects.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,448 sq ft
Costar Property Class
C
Year Built
1893
Price
£675,000
Price per sq ft
£275.74
Yield
6.46%
NOI
£43,600
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Frontage
92 ft on Bridge Street
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1-9 Bridge Street
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