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1-9B George St 9,251 sq ft Retail Property Clitheroe BB7 9TH £3,750,000 (£405.36/sq ft) 4.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Great location
- Signage
- Public transport access
EXECUTIVE SUMMARY
Offers in excess of £3,750,000 for the freehold interest, STC. A purchase at this level reflects the following investment profile NIY of 4.5% and reversionary yield of 8.31%. This is after a 7.27% purchasers costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
9,251 sq ft
Costar Property Class
C
Year Built
1890
Price
£3,750,000
Price per sq ft
£405.36
Yield
4.50%
NOI
£168,750
Tenancy
Single
Number of Floors
3
Plot ratio
0.80
Total Plot Size
0.26 ac
Frontage
131 ft on George Street
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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1-9B George St
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