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15 High St 796 sq ft 100% Let Retail Property Cinderford GL14 2SE £200,000 (£251.26/sq ft) 6.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Shared courtyard garden
- Self contained building
- Separate entrance for the commercial element
EXECUTIVE SUMMARY
Ground floor office accommodation with 2 bedroom flat above. The ground floor is currently occupied by Caremark(Herefordshire and Forest of Dean) with a lease start date of 1st April 2023 until 31st March 2026 with a mutual break option on the 31st March 2025. Current rental of £7,500 pa. The flat is currently let on an assured shorthold tenancy
agreement with a rental of £6000 pa.
agreement with a rental of £6000 pa.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
796 sq ft
Costar Property Class
B
Year Built
1960
Price
£200,000
Price per sq ft
£251.26
Yield
6.75%
NOI
£13,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.91
Total Plot Size
0.02 ac
Frontage
24 ft on High Street
AMENITIES
- Bus Route
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NEARBY MAJOR RETAILERS
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Toombs & Toombs Properties
15 High St
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