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Maple Court 147-149 Cross St 9,775 sq ft 100% Let Retail Property Sale M33 7JW £2,175,000 (£222.51/sq ft) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent roadside retail investment
- Public transport access
- 9,662 sq ft ground floor retail accommodation
EXECUTIVE SUMMARY
We are seeking offers in excess of £2,175,000 (Two Million, One Hundred and Seventy Five Thousand Pounds) plus VAT, which reflects a net initial yield of 6.50% and a reversionary yield of at least 8.65%, after purchasers costs of 6.30%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
9,775 sq ft
Costar Property Class
B
Year Built
2018
Price
£2,175,000
Price per sq ft
£222.51
Yield
6.50%
NOI
£141,375
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.25
Total Plot Size
0.89 ac
Parking
64 Spaces (1.64 Spaces per 1,000 sq ft Leased)
Frontage
225 ft on Cross St
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
-
- Retailer
- -
- -
- -
Co-op is the UK’s fifth biggest food retailer, with more than 2,500 local, convenience and medium-sized stores. They are also the UK’s number 1 funeral services provider, a major general insurer, and a growing legal services business. As well as having clear financial and operational objectives and employing nearly 70,000 people, they are a recognised leader for their social goals and community-led programmes. They exist to meet members' needs and stand up for the things they believe in.
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
|
|
Retailer | - | - | - |
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NEARBY MAJOR RETAILERS
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Maple Court | 147-149 Cross St
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