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18-22A Market St 1,626 sq ft 100% Let Retail Property Cramlington NE23 7HR £190,000 (£116.85/sq ft) 11.34% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Large rear yard
- Prominent main road location
- Mixed investment near Cramlington
- Parking
- Two commercial and one residential tenant
EXECUTIVE SUMMARY
11.34% yield on the guide price of £190,000
A detached two storey property comprising 2 retail units, and a first floor flat consisting living room, kitchen, two bedrooms and bathroom. There is a large yard to of the rear of the property providing additional parking.
A detached two storey property comprising 2 retail units, and a first floor flat consisting living room, kitchen, two bedrooms and bathroom. There is a large yard to of the rear of the property providing additional parking.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,626 sq ft
Costar Property Class
C
Year Built
1950
Price
£190,000
Price per sq ft
£116.85
Yield
11.34%
NOI
£21,546
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.37
Total Plot Size
0.10 ac
Frontage
41 ft on Market Street
AMENITIES
- Corner Lot
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18-22A Market St
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