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11-11a Cumberland St 848 sq ft Retail Property Plymouth PL1 4DX £325,000 (£383.25/sq ft) 13.56% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Mixed use commercial investment
- Five residential rooms let to professionals over the upper three floors
- Asking price: £325,000 reflecting a 13.56% gross yield
- Substantial ground floor retail unit with additional basement storage
- Combined gross income £44,100 PAX
EXECUTIVE SUMMARY
Conveniently located mixed use investment for sale with the ground floor retail unit and basement let to an independent dog grooming business at £10,000 PAX. The first, second and third floors comprise five individual rooms, all en-suite with a shared lounge, kitchen and laundry room. The gross income from the upper floors is £34,100 PAX.
Retail unit & basement 848.20 sq ft.
Retail unit & basement 848.20 sq ft.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
848 sq ft
Costar Property Class
C
Year Built
1950
Price
£325,000
Price per sq ft
£383.25
Yield
13.56%
NOI
£44,070
Tenancy
Single
Number of Floors
5
Plot ratio
0.58
Total Plot Size
0.03 ac
Frontage
20 ft on Cumberland Street
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11-11a Cumberland St
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