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3-5 The Parade 1,882 sq ft 100% Let Retail Property Minehead TA24 5NL £625,000 (£332.09/sq ft) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Retail investment with development opportunity
EXECUTIVE SUMMARY
Investment The property is available freehold subject to the commercial leases in place at a guide price of £625,000, reflecting a net yield of 7.00% having allowed for purchasers costs at 5.12%
The building has planning permission to convert the coach house and vacant areas into three separate residential dwellings.
The building has planning permission to convert the coach house and vacant areas into three separate residential dwellings.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Property Size
1,882 sq ft
Costar Property Class
C
Year Built
1900
Price
£625,000
Price per sq ft
£332.09
Yield
7%
NOI
£43,750
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.08
Total Plot Size
0.04 ac
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3-5 The Parade
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