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3-5 Minster St 1,440 sq ft 100% Let Retail Property Salisbury SP1 1TB £500,000 (£347.22/sq ft) 6.60% Net Initial Yield
Investment Highlights
- Heavy daytime footfall
- Situated in a densely populated area
- Great local amenities
Executive Summary
Offers are invited in excess of £500,000 reflecting a NIY of 6.2% (assuming purchasers' costs of 5.5%)
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,440 sq ft
Costar Property Class
B
Year Built
1550
Price
£500,000
Price per sq ft
£347.22
Yield
6.60%
NOI
£33,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.65
Total Plot Size
0.02 ac
Frontage
27 ft on Minster St
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Nearby Major Retailers
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3-5 Minster St
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