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38-40 Southgate 2,610 sq ft Retail Property Sleaford NG34 7RY £360,000 (£137.93/sq ft) 7% Net Initial Yield
Investment Highlights
- Located in a busy Lincolnshire market town
- Good transport links
- Situated in a prime position opposite Boots and adjacent to Iceland
Executive Summary
The property comprises a 3-storey end of terrace building of brick elevations under a flat roof.The property is let to British Heart Foundation Limited on a new 10 year full
repairing and insuring lease from 17th January 2019 at a current rent of £28,000 per annum.
Offers in the region of £385,000
repairing and insuring lease from 17th January 2019 at a current rent of £28,000 per annum.
Offers in the region of £385,000
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,610 sq ft
Costar Property Class
C
Year Built
1960
Price
£360,000
Price per sq ft
£137.93
Yield
7%
NOI
£25,200
Tenancy
Single
Number of Floors
3
1 1
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
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Photos
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Map
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38-40 Southgate
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