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34 Central Avenue 5,333 sq ft Retail Property Nuneaton CV11 5BB £365,000 (£68.44/sq ft) 6.85% Net Initial Yield
Investment Highlights
- Ground floor Showroom and Ancillary Space
- Car Parking available
- First floor Storage
Executive Summary
The entire property is let to Central Stoves, a local showroom and heating appliance retailer, at a rent of £25,000 per annum. The tenant is currently holding over under the terms of a previous lease. Notice has been served by the landlord offering a new lease to the tenant at a rent of £35,000 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
5,333 sq ft
Costar Property Class
C
Year Built
1980
Price
£365,000
Price per sq ft
£68.44
Yield
6.85%
NOI
£25,000
Tenancy
Single
Number of Floors
2
Plot ratio
0.89
Total Plot Size
0.14 ac
Frontage
45 ft on Central Avenue
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Nearby Major Retailers
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34 Central Avenue
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