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13-15 High St 1,727 sq ft 100% Let Retail Property York YO43 3AQ £335,000 (£193.98/sq ft) 5.37% Net Initial Yield
Investment Highlights
- Well positioned freehold property within Market Weighton.
- Property let as a whole currently achieving £18,000 per annum.
- Outdoor seating areas both at front and rear.
Executive Summary
The opportunity to acquire this prominently positioned freehold restaurant/bar investment located on Market Weighton High Street. The property is arranged over ground and first floors with internal and external seating areas and is let in its entirety to an independent operator on a five-year lease from October 2022, producing a current rental income of £18,000 per annum exclusive.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,727 sq ft
Costar Property Class
C
Year Built
1993
Price
£335,000
Price per sq ft
£193.98
Yield
5.37%
NOI
£18,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.66
Total Plot Size
0.06 ac
Frontage
51 ft on High Street
Amenities
- 24 Hour Access
- Bus Route
- Storage Space
1 1
Nearby Major Retailers
1 of 7
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13-15 High St
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