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1 Royal Oak Pl - Units 1-7 803 sq ft Retail Unit Offered at £495,000 in Bakewell DE45 1EE
Investment Highlights
- Prominent corner position
- Good transport links
- Strong footfall
Executive Summary
The property occupies a prominent position at the junctions of Matlock Street (A6), Granby Road and Royal Oak Place, forming part of a prime retail thoroughfare, just to the south of Rutland Square.The property forms part of an attractive modern mixed use retail and residential building developed by Cressbrook Investments Limited in circa 1992.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 6.58% |
| Sale Type | Investment |
| Net Initial Yield | 6.58% |
| Tenure | Freehold |
Description
The ground floor incorporates traditional timber framed retail frontages, the subject property being end of terraced and benefiting from return frontages to Matlock Street, Granby Road and Royal Oak Place.
Internally, the property has been fitted out by the tenant as a banking hub, to a high specification.
Internally, the property has been fitted out by the tenant as a banking hub, to a high specification.
Sale Notes
Offers are invited in excess of £495,000 (Five Hundred & Twenty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 6.58%, after allowing for standard purchasers costs. The residue of the discounted first years rent will be topped up to £32,500 per
annum by the Vendor.
annum by the Vendor.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit Unit 6b | 803 sq ft | Retail | £495,000 (£616.44/sq ft) | £32,571 |
Unit Unit 6b
| Unit Size |
| 803 sq ft |
| Unit Use |
| Retail |
| Price |
| £495,000 (£616.44/sq ft) |
| NOI |
| £32,571 |
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Street View
Street
Map
Unit Unit 6b
| Unit Size | 803 sq ft |
| Unit Use | Retail |
| Price | £495,000 (£616.44/sq ft) |
| NOI | £32,571 |
| Sale Type | Investment |
| Net Initial Yield | 6.58% |
| Tenure | Freehold |
| Description | |
| The ground floor incorporates traditional timber framed retail frontages, the subject property being end of terraced and benefiting from return frontages to Matlock Street, Granby Road and Royal Oak Place.<br> <br> Internally, the property has been fitted out by the tenant as a banking hub, to a high specification.</li></ul> | |
| Sale Notes | |
| Offers are invited in excess of £495,000 (Five Hundred & Twenty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 6.58%, after allowing for standard purchasers costs. The residue of the discounted first years rent will be topped up to £32,500 per <br> annum by the Vendor.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 17,165 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 723 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 2005 |
| Costar Property Class | B |
| Total Property Size | 17,165 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 723 sq ft |
| Year Built | 2005 |
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1 Royal Oak Pl - Units 1-7
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