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100 High St 1,920 sq ft 100% Let Retail Property Huntingdon PE29 3DP £280,000 (£145.83/sq ft) 2.50% Net Initial Yield
Investment Highlights
- Located 60 miles north of London
- The A1 lies 3 miles to the west of the town centre
- The A14 trunk road by-passes the town providing a dual carriageway route linking east cost ports with the M11, A1 and M1/M6
Executive Summary
The subject property is prominently positioned on Huntingdon High Street. The property would suit a variety of uses (STP).
Internally at ground floor the property has wood effect flooring. There is a mixture of LED and strip lighting. Access is via High Street with side access also available. The property is generally open plan with partitioned store to rear. Additionally, there is a kitchenette and a single WC.
At first floor level access is via a separate pedestrian door to High Street. The first floor is currently let to Adagio Ltd from December 2021 to 22 December 2028.
The current rental is understood to be £7,000 per annum exclusive. The lease is believed to be inside the Act.
The ground floor is currently vacant and believed to have an ERV of £17,000 per annum.
Internally at ground floor the property has wood effect flooring. There is a mixture of LED and strip lighting. Access is via High Street with side access also available. The property is generally open plan with partitioned store to rear. Additionally, there is a kitchenette and a single WC.
At first floor level access is via a separate pedestrian door to High Street. The first floor is currently let to Adagio Ltd from December 2021 to 22 December 2028.
The current rental is understood to be £7,000 per annum exclusive. The lease is believed to be inside the Act.
The ground floor is currently vacant and believed to have an ERV of £17,000 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,920 sq ft
Year Built
1907
Price
£280,000
Price per sq ft
£145.83
Yield
2.50%
NOI
£7,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.66
Total Plot Size
0.03 ac
Frontage
20 ft on High St
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Nearby Major Retailers
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100 High St
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