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3-5 Church St 1,147 sq ft Retail Unit Offered at £200,000 in Guisborough TS14 6HG
Investment Highlights
- Investment / retail
- National covenant
- Ground Floor Only
Executive Summary
The property comprises a building of masonry construction arranged over ground floor offering retail accommodation within.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 8.00% |
| Sale Type | Investment |
| Net Initial Yield | 8.00% |
| Tenure | Freehold |
Description
The property comprises a self-contained ground floor retail and providing an open plan sales area, rear stores and WC. The unit benefits from rear loading access and prominent frontage to Church Street.
Sale Notes
Occupied for a number of years by the established Age UK, the property is currently fitted out as a retail unit but is ideally suitable for a variety of uses subject to gaining the necessary planning consents.
The premises are currently let to Age UK on a 15 year Internal Repairing and Insuring Lease, which expires on 27 June 2028, at a passing rent of £16,000 per annum.
The premises are currently let to Age UK on a 15 year Internal Repairing and Insuring Lease, which expires on 27 June 2028, at a passing rent of £16,000 per annum.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 3 | 1,147 sq ft | Retail | £200,000 (£174.37/sq ft) | £16,000 |
Unit 3
| Unit Size |
| 1,147 sq ft |
| Unit Use |
| Retail |
| Price |
| £200,000 (£174.37/sq ft) |
| NOI |
| £16,000 |
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Unit 3
| Unit Size | 1,147 sq ft |
| Unit Use | Retail |
| Price | £200,000 (£174.37/sq ft) |
| NOI | £16,000 |
| Sale Type | Investment |
| Net Initial Yield | 8.00% |
| Tenure | Freehold |
| Description | |
| The property comprises a self-contained ground floor retail and providing an open plan sales area, rear stores and WC. The unit benefits from rear loading access and prominent frontage to Church Street.</li></ul> | |
| Sale Notes | |
| Occupied for a number of years by the established Age UK, the property is currently fitted out as a retail unit but is ideally suitable for a variety of uses subject to gaining the necessary planning consents.<br> <br> The premises are currently let to Age UK on a 15 year Internal Repairing and Insuring Lease, which expires on 27 June 2028, at a passing rent of £16,000 per annum.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 2,687 sq ft | Floors | 1 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,147 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1900 |
| Costar Property Class | B | Total Plot Size | 0.06 ac |
| Total Property Size | 2,687 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 1,147 sq ft |
| Year Built | 1900 |
| Total Plot Size | 0.06 ac |
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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3-5 Church St
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