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13 Nightingales Corner 988 sq ft Retail Property Amersham HP7 9PZ £525,000 (£531.38/sq ft) 5.47% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent position within a well-established retail parade
- Heavy daytime foot traffic
- Close to local amenities
EXECUTIVE SUMMARY
The property is leased for 20 years from 23rd February 2018 at a current passing rent of £30,000 with the rent review from 2023 unexercised. The lease is on a Full Repairing and Insuring basis within the Security of Tenure Provisions of the Landlord & Tenant Act 1954.
Ground floor restaurant with residential flat over two floors above.
Ground floor restaurant with residential flat over two floors above.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
988 sq ft
Costar Property Class
B
Year Built
1965
Price
£525,000
Price per sq ft
£531.38
Yield
5.47%
NOI
£28,718
Tenancy
Single
Number of Floors
3
Plot ratio
1.82
Total Plot Size
0.01 ac
Parking
2 Spaces (2.02 Spaces per 1,000 sq ft Leased)
Frontage
16 ft on Cokes Lane
AMENITIES
- Dedicated Turn Lane
- Signage
- EPC - D
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NEARBY MAJOR RETAILERS
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13 Nightingales Corner
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