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142 Bucks Rd 880 sq ft Retail Property Douglas IM1 3AJ £169,950 (£193.13/sq ft) 7.06% Net Initial Yield
Investment Highlights
- Large corner site
- First floor storage
- Glazed frontage
Executive Summary
The freehold interest of the property subject to the existing tenancy or with vacant possession is available to purchase at £169,950.
The property was leased for a term of 5 years from 7 th August 2018 to 6th August 2023 at a passing rent of £12,000 pa. The landlord and tenant are in the process of agreeing a lease extension of 2 years at a new rent of £13,800 pa. A copy of the expired lease is available to interested parties.
The property was leased for a term of 5 years from 7 th August 2018 to 6th August 2023 at a passing rent of £12,000 pa. The landlord and tenant are in the process of agreeing a lease extension of 2 years at a new rent of £13,800 pa. A copy of the expired lease is available to interested parties.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
880 sq ft
Year Built
1898
Price
£169,950
Price per sq ft
£193.13
Yield
7.06%
NOI
£12,000
Tenancy
Single
Number of Floors
2
Plot ratio
0.12
Total Plot Size
0.17 ac
Frontage
36 ft on Windsor Road
Amenities
- Bus Route
- Storage Space
1 1
Nearby Major Retailers
1 of 4
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142 Bucks Rd
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