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161-163 Annesley Rd - Unit 3A 987 sq ft Retail Unit Offered at £310,000 in Hucknall NG15 7DE
Investment Highlights
- Signage
- Yard
- Versatile use
- Car parking
- Display window
- Natural light
Property Facts
| Total Property Size | 6,834 sq ft | Floors | 1 |
| Property Type | Retail (Unit) | Typical Floor Size | 6,834 sq ft |
| Property Subtype | Shopfront | Year Built | 2004 |
| Costar Property Class | B |
| Total Property Size | 6,834 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 6,834 sq ft |
| Year Built | 2004 |
Amenities
- Storage Space
1 Unit Available
Unit 3A
| Unit Size | 987 sq ft | Sale Type | Investment |
| Price | £310,000 | Tenure | Freehold |
| Price Per sq ft | £314.08 | Net Initial Yield | 7.80% |
| Unit Use | Retail | NOI | £24,180 |
| Unit Size | 987 sq ft |
| Price | £310,000 |
| Price Per sq ft | £314.08 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.80% |
| NOI | £24,180 |
Description
The property comprises a ground floor commercial unit and forms part of a neighbourhood parade anchored by a Tesco Express which sits prominently fronting Annesley Road. The unit benefits from dedicated customer car parking to the front of the parade, providing ease of access for customers, while the unit is presented in good order consistent with Domino’s corporate fit out standards.
Sale Notes
The Vendor is seeking offers for their freehold interest subject to and with the benefit of the lease in place in the sum of £310,000 (Three Hundred and Ten Thousand Pounds).
A purchase at this level reflects a net initial yield of 7.80% based on the current passing rent of £25,000 per annum.
Offered for sale freehold, subject to the existing occupational
lease.
The property is let to DP Realty Limited trading as Domino’s Pizza by way of a full repairing and insuring lease for a term of 20 years with effect from 19 May 2023. The lease is without tenant break clauses and is subject to upward-only rent reviews every five years, geared to the open market rental value. The next rent review falls due in May 2028.
The passing rent is £25,000 per annum.
Nearby Major Retailers
Presented by
161-163 Annesley Rd - Unit 3A
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