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1 Smith Street & 4-6 Le Pollet 1 Smith St 8,140 sq ft Retail Property Lafayette GY1 1ZD £3,500,000 (£429.98/sq ft) 6.16% Net Initial Yield


INVESTMENT HIGHLIGHTS
- prime retail position
- pedestrianised area where footfall is high
- prominent Listed building
EXECUTIVE SUMMARY
The Property is prominently located at the junction of Smith Street, Le Pollet and the High Street, which is the centre point of the town centre and the prime retail pitch. A purchase at this level reflects a Net Initial Yield of 6.16% after allowing for the deduction of purchasers costs.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Property Size
8,140 sq ft
Costar Property Class
B
Year Built
1865
Price
£3,500,000
Price per sq ft
£429.98
Yield
6.16%
NOI
£215,600
Tenancy
Single
Number of Floors
5
AMENITIES
- Security System
- Storage Space
1 1
NEARBY MAJOR RETAILERS
Fifth Third Bank
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1 Smith Street & 4-6 Le Pollet | 1 Smith St
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