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27 High St 2,354 sq ft Retail Property St Neots PE19 1JA £400,000 (£169.92/sq ft) 8.38% Net Initial Yield
Investment Highlights
- Prominent High Street location
- Retail catchment estimated to be around 80,000 residents
- Public parking options nearby
Executive Summary
Extending to a total floor area of 2,144 sq ft, the ground floor comprises open plan retail space with rear storage area. The first floor is accessed via an external staircase and provides, office, kitchen, WC and further storage space. Externally to the rear there is a parking / loading area accessed via Tebbutts Road.
Let to The Works Stores Ltd for a term of 5 years from 26th November 2025 at a passing rent of £33,500 per annum. The tenant has an option to break at the end of the 3rd year of the term. A copy of the lease can be provided upon request. The Works Stores offer a national covenant with over 500 stores UK wide and most recent total annual sales published at approximately £240 m.
Let to The Works Stores Ltd for a term of 5 years from 26th November 2025 at a passing rent of £33,500 per annum. The tenant has an option to break at the end of the 3rd year of the term. A copy of the lease can be provided upon request. The Works Stores offer a national covenant with over 500 stores UK wide and most recent total annual sales published at approximately £240 m.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,354 sq ft
Costar Property Class
B
Year Built
1880
Price
£400,000
Price per sq ft
£169.92
Yield
8.38%
NOI
£33,500
Tenancy
Single
Number of Floors
2
Plot ratio
0.94
Total Plot Size
0.06 ac
Frontage
24 ft on High Street
Amenities
- Signage
1 1
Nearby Major Retailers
1 of 4
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27 High St
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