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1 Station Hill, Cookham 1,366 sq ft 100% Let Retail Property Maidenhead SL6 9BT £750,000 (£549.05/sq ft) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent Business Location
- High Ceilings
- Solid Transport Links
EXECUTIVE SUMMARY
A three-storey building consisting of ground floor restaurant with basement and independently accessed residential on first and second floors comprising 5 letting rooms with communal kitchen and two bathrooms. £750,000 for the freehold interest subject to the tenancies. A purchase at this level shows a net initial yield, after acquisition costs, of 9.3% on the gross rents and 7% on the rental income less estimated HMO running costs.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,366 sq ft
Costar Property Class
B
Year Built
1980
Price
£750,000
Price per sq ft
£549.05
Yield
7%
NOI
£52,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.24
Total Plot Size
0.13 ac
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1 Station Hill, Cookham
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