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Concho Lounge 16 Bank St 3,600 sq ft Retail Property Newquay TR7 1AY £800,000 (£222.22/sq ft) 7.11% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Prime Town Centre Investment
- Income of £60,000 per annum
- Let on a Term To Expire 7th December 2030
- Outstanding Covenant of Loungers Ltd
EXECUTIVE SUMMARY
The freehold of this investment opportunity is available for the asking price of £800,000, providing a yield of 7.11%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,600 sq ft
Costar Property Class
B
Year Built
1900
Price
£800,000
Price per sq ft
£222.22
Yield
7.11%
NOI
£56,880
Tenancy
Single
Number of Floors
3
Plot ratio
0.28
Total Plot Size
0.30 ac
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NEARBY MAJOR RETAILERS
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Concho Lounge | 16 Bank St
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