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3-7 High St 962 sq ft 100% Let Retail Property Blakeney NR25 7NA £525,000 (£545.74/sq ft) 4.96% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • High Street location
  • Located along River Glaven
  • Neighboured by restaurants, BnBs, and convenience stores

EXECUTIVE SUMMARY

The ground floor of the building is in commercial use and is currently let as the popular and well known restaurant called The Moorings. The restaurant accommodation comprises an open plan seating area, bar and W.C’s together with a kitchen.
Above the restaurant there are three residential flats which are let on long 99 year leases. There are two flats located on the first floor. 5 High Street is a one bedroom unit and 5A is a two bedroom unit. 7 High Street is located on the second floor and is a larger four bed unit.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
962 sq ft
Costar Property Class
B
Year Built
1980
Price
£525,000
Price per sq ft
£545.74
Yield
4.96%
NOI
£26,050
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.69
Total Plot Size
0.03 ac
Frontage
54 ft on High Street

AMENITIES

  • Restaurant
  • Signage
  • Listing ID: 32089965

  • Date on Market: 11/06/2024

  • Last Updated:

  • Address: 3-7 High St, Blakeney NR25 7NA

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